Liberum Capital Reiterates Sell Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “sell” rating restated by equities researchers at Liberum Capital in a research report issued on Tuesday. They presently have a GBX 157 ($2.06) target price on the stock. Liberum Capital’s target price points to a potential downside of 9.93% from the stock’s previous close.
SHI has been the topic of a number of other reports. Deutsche Bank AG raised their price objective on shares of SIG plc from GBX 155 ($2.04) to GBX 163 ($2.14) and gave the company a “hold” rating in a research note on Monday. Numis Securities Ltd cut shares of SIG plc to a “reduce” rating and set a GBX 150 ($1.97) price objective on the stock. in a research note on Friday, August 18th. Shore Capital reissued a “buy” rating on shares of SIG plc in a research report on Tuesday. Finally, Peel Hunt reissued a “buy” rating and set a GBX 185 ($2.43) price target on shares of SIG plc in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 140.70 ($1.85).
SIG plc (LON SHI) opened at GBX 174.30 ($2.29) on Tuesday. SIG plc has a 52 week low of GBX 87.95 ($1.16) and a 52 week high of GBX 184.90 ($2.43).
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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