JPMorgan Chase & Co. Reiterates Neutral Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They currently have a GBX 120 ($1.50) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 33.63% from the company’s current price.
Several other research analysts have also recently issued reports on the company. Jefferies Group cut SIG plc to a “hold” rating and dropped their price target for the company from GBX 140 ($1.75) to GBX 115 ($1.44) in a report on Friday. Peel Hunt reaffirmed a “hold” rating on shares of SIG plc in a report on Friday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 116 ($1.45) price target on shares of SIG plc in a report on Thursday, October 13th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 110 ($1.37) price target on shares of SIG plc in a report on Tuesday, October 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 130 ($1.62) price target on shares of SIG plc in a report on Friday, September 30th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 129.08 ($1.61).
SIG plc (LON:SHI) opened at 90.02 on Friday. SIG plc has a one year low of GBX 88.20 and a one year high of GBX 149.80. The firm’s market cap is GBX 532.33 million. The company has a 50-day moving average price of GBX 112.43 and a 200-day moving average price of GBX 118.13.
In other SIG plc news, insider Janet E. Ashdown acquired 11,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was purchased at an average cost of GBX 91 ($1.14) per share, for a total transaction of £10,010 ($12,506.25).
SIG plc 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.
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