SIG plc (SHI) Rating Lowered to Hold at Jefferies Group
SIG plc (LON:SHI) was downgraded by equities research analysts at Jefferies Group to a “hold” rating in a research note issued on Friday. They presently have a GBX 115 ($1.44) price target on the stock, down from their previous price target of GBX 140 ($1.75). Jefferies Group’s target price suggests a potential upside of 28.06% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity lowered their price objective on shares of SIG plc from GBX 135 ($1.69) to GBX 130 ($1.62) and set a “buy” rating for the company in a research report on Thursday, August 18th. Panmure Gordon reiterated a “buy” rating and set a GBX 165 ($2.06) price objective on shares of SIG plc in a research report on Tuesday, August 9th. Deutsche Bank AG reduced their target price on shares of SIG plc from GBX 149 ($1.86) to GBX 118 ($1.47) and set a “hold” rating on the stock in a report on Tuesday, July 26th. Goodbody reissued a “hold” rating on shares of SIG plc in a report on Friday, September 9th. Finally, Liberum Capital reduced their target price on shares of SIG plc from GBX 135 ($1.69) to GBX 110 ($1.37) and set a “hold” rating on the stock in a report on Thursday, July 14th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 129.08 ($1.61).
Shares of 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 company’s 50 day moving average is GBX 112.43 and its 200-day moving average is GBX 118.13. The firm’s market capitalization is GBX 532.33 million.
In related news, insider Janet E. Ashdown bought 11,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost of GBX 91 ($1.14) per share, with a total value of £10,010 ($12,506.25).
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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