Liberum Capital Reaffirms Hold Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating restated by equities research analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 110 ($1.36) target price on the stock. Liberum Capital’s target price indicates a potential downside of 1.17% from the stock’s current price.
Several other analysts have also recently weighed in on SHI. Goodbody reissued a “hold” rating on shares of SIG plc in a research note on Friday, September 9th. Deutsche Bank AG reissued a “hold” rating on shares of SIG plc in a research note on Wednesday, September 7th. Jefferies Group reissued a “buy” rating and issued a GBX 140 ($1.73) price objective on shares of SIG plc in a research note on Friday, August 5th. Canaccord Genuity reissued a “buy” rating and issued a GBX 130 ($1.61) price objective on shares of SIG plc in a research note on Friday, September 30th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 165 ($2.04) price objective on shares of SIG plc in a research note on Monday, July 25th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 139.58 ($1.73).
Shares of SIG plc (LON:SHI) opened at 112.45 on Tuesday. SIG plc has a 1-year low of GBX 98.30 and a 1-year high of GBX 178.90. The firm has a 50 day moving average price of GBX 120.60 and a 200 day moving average price of GBX 123.31. The firm’s market cap is GBX 664.98 million.
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The firm also recently announced a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.82%.
About SIG plc
SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors.
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