SIG (SHI) Earns “Underweight” Rating from JPMorgan Chase & Co.

SIG (LON:SHI)‘s stock had its “underweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They currently have a GBX 135 ($1.90) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 12.90% from the stock’s current price.

SHI has been the subject of a number of other research reports. Barclays initiated coverage on SIG in a research report on Monday, November 27th. They issued an “underweight” rating and a GBX 155 ($2.18) price target for the company. Deutsche Bank boosted their price target on SIG from GBX 163 ($2.29) to GBX 174 ($2.44) and gave the stock a “hold” rating in a research report on Monday, January 8th. Liberum Capital reissued a “sell” rating and set a GBX 157 ($2.20) price objective on shares of SIG in a research report on Tuesday, November 14th. Peel Hunt reissued a “buy” rating and set a GBX 185 ($2.60) price objective on shares of SIG in a research report on Tuesday, November 21st. Finally, Jefferies Group raised SIG to a “buy” rating and boosted their price objective for the stock from GBX 150 ($2.11) to GBX 200 ($2.81) in a research report on Tuesday, November 28th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. SIG has an average rating of “Hold” and a consensus price target of GBX 153.60 ($2.16).

Shares of SIG (LON SHI) traded down GBX 0.80 ($0.01) during trading hours on Friday, hitting GBX 155 ($2.18). The company’s stock had a trading volume of 2,465,872 shares, compared to its average volume of 1,560,000. SIG has a 12 month low of GBX 102.20 ($1.44) and a 12 month high of GBX 184.90 ($2.60). The firm has a market capitalization of $916.90 and a PE ratio of -553.57.

In other news, insider Andrew Allner purchased 6,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of GBX 168 ($2.36) per share, for a total transaction of £10,080 ($14,155.32). Also, insider Meinie Oldersma purchased 39,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of GBX 168 ($2.36) per share, for a total transaction of £65,520 ($92,009.55). Insiders have purchased 45,271 shares of company stock worth $7,604,877 over the last 90 days.

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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.

Analyst Recommendations for SIG (LON:SHI)

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