Liberum Capital Reaffirms Hold Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They presently have a GBX 110 ($1.36) price objective on the stock. Liberum Capital’s price objective would suggest a potential downside of 1.17% from the company’s current price.
A number of other research analysts have also commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a GBX 130 ($1.61) price objective on shares of SIG plc in a research report on Friday, September 30th. Goodbody reiterated a “hold” rating on shares of SIG plc in a research report on Friday, September 9th. Deutsche Bank AG reiterated a “hold” rating on shares of SIG plc in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 120 ($1.49) price objective on shares of SIG plc in a research report on Wednesday, August 10th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 165 ($2.04) price objective on shares of SIG plc in a research report on Tuesday, August 9th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 139.58 ($1.73).
SIG plc (LON:SHI) opened at 112.45 on Tuesday. The stock’s market cap is GBX 664.98 million. The firm has a 50-day moving average price of GBX 120.60 and a 200-day moving average price of GBX 123.31. SIG plc has a 52 week low of GBX 98.30 and a 52 week high of GBX 178.90.
The company also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be paid a GBX 1.83 ($0.02) dividend. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, October 6th.
About SIG plc
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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