SIG plc (SHI) Earns “Buy” Rating from Peel Hunt
SIG plc (LON:SHI)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 185 ($2.43) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 12.05% from the company’s previous close.
Several other equities analysts have also recently issued reports on SHI. Numis Securities Ltd restated a “hold” rating and issued a GBX 150 ($1.97) price target on shares of SIG plc in a research report on Wednesday, August 9th. Liberum Capital reiterated a “sell” rating and set a GBX 157 ($2.06) target price on shares of SIG plc in a research report on Monday, October 2nd. Deutsche Bank AG boosted their target price on SIG plc from GBX 155 ($2.04) to GBX 163 ($2.14) and gave the stock a “hold” rating in a research report on Monday. Finally, Shore Capital reiterated a “buy” rating on shares of SIG plc in a research report on Tuesday, August 8th. Three equities 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 stock. The company has an average rating of “Hold” and an average price target of GBX 140.70 ($1.85).
Shares of SIG plc (LON SHI) traded up GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 165.10 ($2.17). The company had a trading volume of 2,272,358 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).
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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