SIG plc (LON:SHI) Given Average Recommendation of “Hold” by Brokerages
SIG plc (LON:SHI) has been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 134.50 ($1.75).
Several equities research analysts recently commented on SHI shares. Shore Capital started coverage on shares of SIG plc in a research report on Tuesday, May 16th. They issued a “buy” rating on the stock. Liberum Capital reiterated a “sell” rating and issued a GBX 95 ($1.24) price target on shares of SIG plc in a research note on Thursday, May 11th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 150 ($1.95) price target (up from GBX 96 ($1.25)) on shares of SIG plc in a research note on Thursday, July 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 115 ($1.50) price target on shares of SIG plc in a research note on Friday, May 12th. Finally, Peel Hunt upgraded shares of SIG plc to a “buy” rating and lifted their price target for the company from GBX 103 ($1.34) to GBX 175 ($2.28) in a research note on Friday, May 19th.
In other SIG plc news, insider Leslie Van de Walle sold 50,000 shares of SIG plc stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.64), for a total value of £63,000 ($82,041.93).
SIG plc (LON:SHI) traded down 2.93% during trading on Tuesday, hitting GBX 165.50. 3,242,446 shares of the stock were exchanged. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 172.00. The stock has a 50 day moving average price of GBX 154.82 and a 200-day moving average price of GBX 129.53. The firm’s market capitalization is GBX 978.87 million.
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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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