SIG plc (SHI) Earns “Buy” Rating from Peel Hunt
SIG plc (LON:SHI)‘s stock had its “buy” rating reiterated by Peel Hunt in a report released on Monday. They presently have a GBX 175 ($2.23) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 20.69% from the stock’s current price.
SHI has been the subject of several other research reports. Liberum Capital restated a “sell” rating and set a GBX 95 ($1.21) price objective on shares of SIG plc in a report on Thursday, May 25th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 115 ($1.47) target price on shares of SIG plc in a research report on Friday, May 12th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 96 ($1.22) price objective on shares of SIG plc in a research report on Friday, April 21st. Shore Capital assumed coverage on SIG plc in a research report on Tuesday, May 16th. They issued a “buy” rating on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 110 ($1.40) price objective on shares of SIG plc in a research report on Thursday, March 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 115.33 ($1.47).
SIG plc (LON:SHI) traded up 0.69% during trading on Monday, reaching GBX 145.00. The company’s stock had a trading volume of 1,186,597 shares. The stock’s market cap is GBX 857.62 million. The company’s 50-day moving average is GBX 140.55 and its 200-day moving average is GBX 115.35. SIG plc has a 12 month low of GBX 86.60 and a 12 month high of GBX 156.00.
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In related news, insider Leslie Van de Walle sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of GBX 126 ($1.61), for a total transaction of £63,000 ($80,265.00).
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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