SIG Group (OTCMKTS:SIGCY) Stock Price Up 4.2% – Should You Buy?

Shares of SIG Group AG (OTCMKTS:SIGCY) shot up 4.2% on Wednesday . The company traded as high as C$15.78 and last traded at C$15.73. Approximately 454 shares traded hands during trading, a decline of 83% from the average daily volume of 2,611 shares. The stock had previously closed at C$15.09.

Analysts Set New Price Targets

SIGCY has been the topic of several analyst reports. The Goldman Sachs Group upgraded SIG Group to a “strong-buy” rating in a research note on Tuesday, March 24th. UBS Group raised shares of SIG Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, SIG Group currently has an average rating of “Buy”.

SIG Group Stock Up 4.2%

The company’s 50 day simple moving average is C$15.22 and its two-hundred day simple moving average is C$14.89.

About SIG Group

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and liquid food products. The company provides aseptic carton filling lines, aseptic carton sleeves and closures, bag-in-box, and spouted pouch, as well as spare parts, maintenance, digital, add-on, training, and other services. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022.