SIG plc (SHI) Given “Underweight” Rating at J P Morgan Chase & Co
SIG plc (LON:SHI)‘s stock had its “underweight” rating reissued by equities researchers at J P Morgan Chase & Co in a research note issued on Wednesday.
Several other research firms also recently issued reports on SHI. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 150 ($1.97) price objective on shares of SIG plc in a report on Wednesday, August 9th. Liberum Capital reaffirmed a “sell” rating and set a GBX 157 ($2.06) price objective on shares of SIG plc in a report on Tuesday. Deutsche Bank AG upped their price objective on SIG plc from GBX 155 ($2.04) to GBX 163 ($2.14) and gave the stock a “hold” rating in a report on Monday. Shore Capital reaffirmed a “buy” rating on shares of SIG plc in a report on Tuesday, August 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 175 ($2.30) price objective on shares of SIG plc in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 140.70 ($1.85).
SIG plc (SHI) traded down GBX 4.10 ($0.05) during midday trading on Wednesday, reaching GBX 165 ($2.17). The company had a trading volume of 3,920,054 shares, compared to its average volume of 2,340,000. SIG plc has a 1-year low of GBX 87.95 ($1.16) and a 1-year high of GBX 184.90 ($2.43).
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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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