SIG plc (SHI) Given Consensus Recommendation of “Hold” by Analysts
Shares of SIG plc (LON:SHI) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 150.91 ($2.02).
A number of research firms recently issued reports on SHI. JPMorgan Chase & Co. reissued an “underweight” rating on shares of SIG in a report on Wednesday, November 22nd. Jefferies Group raised shares of SIG to a “buy” rating and raised their price objective for the stock from GBX 150 ($2.01) to GBX 200 ($2.67) in a report on Tuesday, November 28th. Peel Hunt raised their price objective on shares of SIG from GBX 185 ($2.47) to GBX 194 ($2.59) and gave the stock a “buy” rating in a report on Wednesday, December 6th. Shore Capital reissued a “buy” rating on shares of SIG in a report on Tuesday, November 21st. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 157 ($2.10) price objective on shares of SIG in a report on Tuesday, November 21st.
In other SIG news, insider Andrew Allner purchased 6,000 shares of SIG stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average price of GBX 168 ($2.25) per share, for a total transaction of £10,080 ($13,477.74). Also, insider Meinie Oldersma purchased 39,000 shares of SIG stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 168 ($2.25) per share, for a total transaction of £65,520 ($87,605.29). Insiders bought 45,182 shares of company stock worth $7,590,014 in the last three months.
SIG Company Profile
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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