SIG plc (SHI) Receives “Hold” Rating from Numis Securities Ltd
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.
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.
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