SIG plc (SHI) Price Target Raised to GBX 157 at Liberum Capital
SIG plc (LON:SHI) had its price target increased by Liberum Capital from GBX 95 ($1.23) to GBX 157 ($2.04) in a report issued on Friday. The firm currently has a “sell” rating on the stock. Liberum Capital’s target price would indicate a potential downside of 11.35% from the stock’s current price.
Other research analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 175 ($2.27) price objective on shares of SIG plc in a research note on Wednesday, July 5th. UBS AG upgraded shares of SIG plc to a “neutral” rating and boosted their price target for the stock from GBX 90 ($1.17) to GBX 140 ($1.82) in a research note on Wednesday, May 24th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 96 ($1.25) price target on shares of SIG plc in a research note on Friday, April 21st. Jefferies Group LLC boosted their price target on shares of SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the stock a “hold” rating in a research note on Monday, June 26th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of SIG plc in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 138.90 ($1.80).
Shares of SIG plc (LON:SHI) opened at 177.10 on Friday. SIG plc has a 1-year low of GBX 86.60 and a 1-year high of GBX 184.90. The stock’s market capitalization is GBX 1.05 billion. The stock’s 50 day moving average is GBX 161.73 and its 200 day moving average is GBX 133.26.
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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