SIG plc (SHI) Given Average Rating of “Hold” by Analysts
Shares of SIG plc (LON:SHI) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 143.67 ($1.93).
Several analysts have issued reports on SHI shares. Deutsche Bank AG reissued a “hold” rating and set a GBX 155 ($2.08) target price on shares of SIG plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co reissued an “underweight” rating on shares of SIG plc in a research note on Thursday, July 6th. Peel Hunt reissued a “buy” rating and set a GBX 175 ($2.35) target price on shares of SIG plc in a research note on Tuesday, August 8th. Jefferies Group LLC boosted their target price on shares of SIG plc from GBX 110 ($1.48) to GBX 150 ($2.02) and gave the company a “hold” rating in a research note on Monday, June 26th. Finally, Liberum Capital boosted their target price on shares of SIG plc from GBX 95 ($1.28) to GBX 157 ($2.11) and gave the company a “sell” rating in a research note on Friday, August 18th.
In related news, insider Richard Monro sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of GBX 176 ($2.37), for a total value of £17,600 ($23,668.64). Insiders purchased 266 shares of company stock valued at $44,876 over the last quarter.
SIG plc (LON:SHI) traded up 0.11% during midday trading on Wednesday, hitting GBX 174.50. The stock had a trading volume of 1,416,786 shares. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 184.90. The firm has a 50 day moving average price of GBX 175.22 and a 200 day moving average price of GBX 143.98. The stock’s market cap is GBX 1.03 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be issued a GBX 1.25 ($0.02) dividend. This represents a yield of 0.7%. The ex-dividend date is Thursday, October 5th.
TRADEMARK VIOLATION NOTICE: “SIG plc (SHI) Given Average Rating of “Hold” by Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/27/sig-plc-shi-given-average-rating-of-hold-by-analysts.html.
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.
Receive News & Ratings for SIG plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG plc and related companies with MarketBeat.com's FREE daily email newsletter.