Deutsche Bank AG Lowers SIG plc (SHI) Price Target to GBX 100
SIG plc (LON:SHI) had its price target reduced by stock analysts at Deutsche Bank AG from GBX 116 ($1.45) to GBX 100 ($1.25) in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 12.17% from the company’s previous close.
Several other brokerages have also issued reports on SHI. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 120 ($1.50) target price on shares of SIG plc in a research report on Wednesday, August 10th. Liberum Capital reiterated a “hold” rating and issued a GBX 110 ($1.37) target price on shares of SIG plc in a research report on Tuesday, October 11th. Peel Hunt reiterated a “hold” rating on shares of SIG plc in a research report on Friday, November 11th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 130 ($1.62) target price on shares of SIG plc in a research report on Friday, September 30th. Finally, Goodbody reiterated a “hold” rating on shares of SIG plc in a research report on Tuesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 129.08 ($1.61).
Shares of SIG plc (LON:SHI) opened at 89.15 on Monday. SIG plc has a 52 week low of GBX 88.20 and a 52 week high of GBX 149.80. The stock has a 50 day moving average price of GBX 111.80 and a 200 day moving average price of GBX 117.73. The firm’s market capitalization is GBX 527.19 million.
In related news, insider Janet E. Ashdown purchased 11,000 shares of SIG plc stock in a transaction that occurred on Monday, November 14th. The shares were bought at an average price of GBX 91 ($1.14) per share, for a total transaction 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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