Numis Securities Ltd Reiterates “Hold” Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They presently have a GBX 96 ($1.20) price target on the stock, down from their prior price target of GBX 117 ($1.46). Numis Securities Ltd’s price target indicates a potential upside of 7.68% from the stock’s current price.
SHI has been the subject of several other research reports. Goodbody restated a “hold” rating on shares of SIG plc in a research report on Friday, September 9th. Deutsche Bank AG restated a “hold” rating on shares of SIG plc in a research report on Wednesday, September 7th. Canaccord Genuity restated a “buy” rating and set a GBX 130 ($1.62) target price on shares of SIG plc in a research report on Friday, September 30th. Jefferies Group restated a “buy” rating and set a GBX 140 ($1.75) target price on shares of SIG plc in a research report on Friday, August 5th. Finally, Liberum Capital restated a “hold” rating and set a GBX 110 ($1.37) target price on shares of SIG plc in a research report on Tuesday, October 11th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 129.08 ($1.61).
SIG plc (LON:SHI) opened at 89.15 on Monday. The company’s market cap is GBX 527.19 million. SIG plc has a 52 week low of GBX 88.20 and a 52 week high of GBX 149.80. The company’s 50-day moving average price is GBX 111.80 and its 200 day moving average price is GBX 117.73.
In related news, insider Mel Ewell acquired 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of GBX 90 ($1.12) per share, with a total value of £9,900 ($12,368.82).
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.
Receive News & Stock Ratings for SIG plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG plc and related stocks with our FREE daily email newsletter.