Numis Securities Ltd reiterated their hold rating on shares of SIG plc (LON:SHI) in a research note released on Wednesday, MarketBeat reports. The brokerage currently has a GBX 150 ($1.95) target price on the stock.

Several other equities research analysts also recently issued reports on SHI. UBS AG upgraded SIG plc to a neutral rating and lifted their price objective for the stock from GBX 90 ($1.17) to GBX 140 ($1.82) in a report on Wednesday, May 24th. Shore Capital restated a buy rating on shares of SIG plc in a report on Tuesday, August 8th. Liberum Capital restated a sell rating and set a GBX 95 ($1.24) price objective on shares of SIG plc in a report on Tuesday, August 8th. Peel Hunt restated a buy rating and set a GBX 175 ($2.28) price objective on shares of SIG plc in a report on Tuesday, August 8th. Finally, Jefferies Group LLC lifted their price objective on SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the stock a hold rating in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 132.70 ($1.73).

SIG plc (LON SHI) opened at 175.50 on Wednesday. The firm’s market capitalization is GBX 1.04 billion. The company has a 50-day moving average price of GBX 157.80 and a 200-day moving average price of GBX 130.89. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 180.00.

ILLEGAL ACTIVITY NOTICE: “SIG plc (SHI) Receives “Hold” Rating from Numis Securities Ltd” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/13/sig-plc-shi-receives-hold-rating-from-numis-securities-ltd.html.

The company also recently announced a dividend, which will be paid on Friday, November 3rd. Stockholders of record on Thursday, October 5th will be given a GBX 1.25 ($0.02) dividend. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 0.7%.

In other news, insider Leslie Van de Walle sold 50,000 shares of SIG plc stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of GBX 126 ($1.64), for a total value of £63,000 ($82,041.93).

SIG plc Company Profile

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.

Analyst Recommendations for SIG plc (LON:SHI)

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.