Deutsche Bank AG Reaffirms Hold Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a GBX 116 ($1.44) price target on the stock. Deutsche Bank AG’s price target suggests a potential upside of 3.11% from the company’s current price.
A number of other brokerages have also recently issued reports on SHI. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 195 ($2.41) target price on shares of SIG plc in a report on Tuesday, June 21st. Goodbody reaffirmed a “hold” rating on shares of SIG plc in a report on Friday, September 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 130 ($1.61) target price on shares of SIG plc in a report on Friday, September 30th. Liberum Capital lowered their target price on SIG plc from GBX 135 ($1.67) to GBX 110 ($1.36) and set a “hold” rating for the company in a report on Thursday, July 14th. Finally, Jefferies Group lowered their target price on SIG plc from GBX 180 ($2.23) to GBX 140 ($1.73) and set a “buy” rating for the company in a report on Wednesday, June 29th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. SIG plc presently has an average rating of “Hold” and a consensus price target of GBX 139.58 ($1.73).
SIG plc (LON:SHI) opened at 111.90 on Thursday. The company’s market cap is GBX 661.72 million. The firm’s 50-day moving average price is GBX 120.36 and its 200-day moving average price is GBX 123.00. SIG plc has a one year low of GBX 98.30 and a one year high of GBX 178.90.
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The company also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.82%.
SIG plc Company Profile
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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