Investment analysts at Susquehanna Bancshares Inc started coverage on shares of Signet Jewelers Limited (NYSE:SIG) in a report released on Thursday. The brokerage set a “neutral” rating and a $60.00 price target on the stock. Susquehanna Bancshares Inc’s price target indicates a potential downside of 8.49% from the company’s current price.

A number of other equities research analysts have also recently commented on SIG. Northcoast Research reissued a “neutral” rating on shares of Signet Jewelers Limited in a research note on Friday, September 29th. ValuEngine raised Signet Jewelers Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price objective on shares of Signet Jewelers Limited in a research note on Thursday, August 17th. Zacks Investment Research raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Telsey Advisory Group raised their price objective on Signet Jewelers Limited from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $70.25.

Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/signet-jewelers-limited-sig-now-covered-by-susquehanna-bancshares-inc.html.

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its stake in shares of Signet Jewelers Limited by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock valued at $446,000 after purchasing an additional 19 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Signet Jewelers Limited by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock valued at $525,000 after purchasing an additional 46 shares during the period. M&T Bank Corp raised its stake in shares of Signet Jewelers Limited by 0.8% during the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock valued at $452,000 after purchasing an additional 59 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after purchasing an additional 85 shares during the period. Finally, Gateway Investment Advisers LLC grew its position in Signet Jewelers Limited by 1.8% during the second quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock worth $329,000 after buying an additional 91 shares in the last quarter.

About Signet Jewelers Limited

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers Limited and related companies with MarketBeat.com's FREE daily email newsletter.