SIG plc (SHI) PT Lowered to GBX 96
SIG plc (LON:SHI) had its price objective cut by research analysts at JPMorgan Chase & Co. from GBX 120 ($1.49) to GBX 96 ($1.19) in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 5.21% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Peel Hunt reissued a “hold” rating and set a GBX 130 ($1.61) price target on shares of SIG plc in a research note on Tuesday, August 9th. Canaccord Genuity decreased their price target on shares of SIG plc from GBX 135 ($1.67) to GBX 130 ($1.61) and set a “buy” rating on the stock in a research note on Thursday, August 18th. Davy Research reissued a “neutral” rating on shares of SIG plc in a research note on Friday, August 5th. Deutsche Bank AG decreased their price target on shares of SIG plc from GBX 118 ($1.46) to GBX 116 ($1.44) and set a “hold” rating on the stock in a research note on Wednesday, August 10th. Finally, Goodbody reissued a “hold” rating on shares of SIG plc in a research note on Tuesday, August 9th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 123.09 ($1.53).
SIG plc (LON:SHI) opened at 90.90 on Wednesday. The firm has a 50-day moving average price of GBX 105.12 and a 200-day moving average price of GBX 115.31. The firm’s market capitalization is GBX 537.54 million. SIG plc has a 52 week low of GBX 86.60 and a 52 week high of GBX 149.80.
In other news, insider Mel Ewell bought 11,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were bought at an average cost of GBX 90 ($1.12) per share, for a total transaction of £9,900 ($12,281.35).
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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