SIG plc (LON:SHI)‘s stock had its “sell” rating restated by investment analysts at Liberum Capital in a note issued to investors on Thursday. They presently have a GBX 95 ($1.24) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 38.07% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Peel Hunt raised SIG plc to a “buy” rating and increased their price target for the stock from GBX 103 ($1.34) to GBX 175 ($2.28) in a research report on Friday, May 19th. Berenberg Bank reissued a “hold” rating and set a GBX 115 ($1.50) target price on shares of SIG plc in a research note on Friday, May 12th. Shore Capital started coverage on shares of SIG plc in a research note on Tuesday, May 16th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 96 ($1.25) target price on shares of SIG plc in a research note on Friday, April 21st. Finally, Canaccord Genuity increased their target price on shares of SIG plc from GBX 97 ($1.26) to GBX 116 ($1.51) and gave the stock a “hold” rating in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. SIG plc presently has a consensus rating of “Hold” and a consensus price target of GBX 115.33 ($1.50).

Analyst Recommendations for SIG plc (LON:SHI)

SIG plc (LON:SHI) traded down 0.13% during mid-day trading on Thursday, hitting GBX 153.40. The company’s stock had a trading volume of 3,592,775 shares. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 154.90. The company’s market cap is GBX 907.30 million. The firm’s 50-day moving average is GBX 125.67 and its 200-day moving average is GBX 109.04.

The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 8th will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date is Thursday, June 8th. This represents a yield of 1.59%.

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In other SIG plc news, insider Leslie Van de Walle sold 50,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.64), for a total value of £63,000 ($81,956.55).

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.

12 Month Chart for LON:SHI

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