Signet Jewelers (NYSE:SIG)‘s stock had its “hold” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Monday. They currently have a $52.00 price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 8.38% from the stock’s previous close.
Several other research firms also recently weighed in on SIG. Wells Fargo & Co downgraded shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $75.00 to $60.00 in a report on Tuesday, November 21st. Zacks Investment Research downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Buckingham Research upped their price objective on shares of Signet Jewelers from $55.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, November 14th. ValuEngine downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada downgraded shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $60.00 to $55.00 in a report on Friday, January 12th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and a consensus price target of $62.78.
Signet Jewelers (NYSE SIG) opened at $47.98 on Monday. 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 1-year low of $46.09 and a 1-year high of $77.94. The firm has a market cap of $2,959.23, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.73.
Large investors have recently modified their holdings of the business. Monroe Bank & Trust MI bought a new position in Signet Jewelers during the third quarter worth about $179,000. Amundi Pioneer Asset Management Inc. bought a new position in Signet Jewelers during the fourth quarter worth about $109,000. Delpha Capital Management LLC bought a new position in Signet Jewelers during the fourth quarter worth about $113,000. First Mercantile Trust Co. bought a new position in Signet Jewelers during the fourth quarter worth about $157,000. Finally, GSA Capital Partners LLP bought a new position in Signet Jewelers during the third quarter worth about $202,000.
About Signet Jewelers
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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