Peel Hunt Cuts SIG plc (SHI) Price Target to GBX 94
SIG plc (LON:SHI) had its target price dropped by investment analysts at Peel Hunt from GBX 130 ($1.62) to GBX 94 ($1.17) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock.
A number of other analysts also recently weighed in on the company. Goodbody reiterated a “hold” rating on shares of SIG plc in a report on Friday, September 9th. Deutsche Bank AG reiterated a “hold” rating on shares of SIG plc in a report on Wednesday, September 7th. Canaccord Genuity reiterated a “buy” rating and set a GBX 130 ($1.62) price target on shares of SIG plc in a report on Friday, September 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 120 ($1.50) price target on shares of SIG plc in a report on Friday, November 11th. Finally, Jefferies Group downgraded SIG plc to a “hold” rating and decreased their price target for the stock from GBX 140 ($1.75) to GBX 115 ($1.44) in a report on Friday, November 11th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SIG plc has a consensus rating of “Hold” and an average price target of GBX 125.27 ($1.57).
Shares of SIG plc (LON:SHI) opened at 94.00 on Wednesday. The company’s 50-day moving average price is GBX 108.14 and its 200 day moving average price is GBX 116.27. The company’s market cap is GBX 555.87 million. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 149.80.
In other news, insider Janet E. Ashdown bought 11,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were purchased at an average price 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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