SIG (LON:SHI)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a report released on Monday. They currently have a GBX 140 ($1.93) price target on the stock. Citigroup’s price objective points to a potential upside of 1.82% from the company’s current price.
Several other equities analysts also recently issued reports on SHI. Shore Capital restated a “buy” rating and set a GBX 150 ($2.07) price objective on shares of SIG in a report on Friday. Peel Hunt restated a “buy” rating and set a GBX 194 ($2.68) price objective on shares of SIG in a report on Friday. Liberum Capital restated a “sell” rating and set a GBX 157 ($2.17) price objective on shares of SIG in a report on Friday. Deutsche Bank increased their price target on shares of SIG from GBX 163 ($2.25) to GBX 174 ($2.40) and gave the stock a “hold” rating in a report on Monday, January 8th. Finally, Barclays started coverage on shares of SIG in a report on Monday, November 27th. They issued an “underweight” rating and a GBX 155 ($2.14) price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 155.92 ($2.15).
SIG (LON:SHI) traded up GBX 1.20 ($0.02) on Monday, hitting GBX 137.50 ($1.90). 6,842,833 shares of the stock traded hands, compared to its average volume of 2,350,000. SIG has a 12-month low of GBX 105.36 ($1.46) and a 12-month high of GBX 184.90 ($2.55). The firm has a market capitalization of $813.38 and a P/E ratio of -1,375.00.
In other SIG news, insider Andrew Allner purchased 10,940 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of GBX 137 ($1.89) per share, for a total transaction of £14,987.80 ($20,707.10). In the last quarter, insiders purchased 11,224 shares of company stock worth $1,543,842.
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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