Signet Jewelers Limited (SIG) Receives Consensus Rating of “Hold” from Analysts
Signet Jewelers Limited (NYSE:SIG) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.64.
SIG has been the topic of several recent research reports. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, September 4th. Wells Fargo & Company set a $97.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Bank of America set a $66.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Saturday, November 25th. Finally, Buckingham Research reissued a “neutral” rating and set a $51.00 price objective on shares of Signet Jewelers in a report on Saturday, August 26th.
Signet Jewelers (NYSE:SIG) traded up $0.39 during midday trading on Friday, hitting $51.31. The company had a trading volume of 1,374,100 shares, compared to its average volume of 1,917,828. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. Signet Jewelers has a 12 month low of $46.09 and a 12 month high of $99.19. The firm has a market cap of $3,110.00, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.
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Signet Jewelers Company Profile
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.
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