SIG plc’s (SHI) Buy Rating Reiterated at Shore Capital
SIG plc (LON:SHI)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued on Tuesday.
Several other research firms have also weighed in on SHI. Numis Securities Ltd lowered SIG plc to a “reduce” rating and set a GBX 150 ($1.97) price objective on the stock. in a research note on Friday, August 18th. Liberum Capital upped their price objective on SIG plc from GBX 95 ($1.25) to GBX 157 ($2.06) and gave the company a “sell” rating in a research note on Friday, August 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 175 ($2.30) price objective on shares of SIG plc in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 155 ($2.04) price objective on shares of SIG plc in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 140.70 ($1.85).
SIG plc (LON:SHI) traded up GBX 9.50 ($0.12) during mid-day trading on Tuesday, hitting GBX 169.10 ($2.22). The stock had a trading volume of 5,510,382 shares, compared to its average volume of 2,340,000. SIG plc has a 52 week low of GBX 87.95 ($1.16) and a 52 week high of GBX 184.90 ($2.43).
In related news, insider Richard Monro sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of GBX 176 ($2.31), for a total transaction of £17,600 ($23,148.76).
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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