Wells Fargo & Co Reiterates $52.00 Price Target for Signet Jewelers (SIG)
Signet Jewelers (NYSE:SIG) has been given a $52.00 target price by equities researchers at Wells Fargo & Co in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Wells Fargo & Co’s target price suggests a potential downside of 1.31% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. Bank of America set a $66.00 target price on shares of Signet Jewelers and gave the company a “buy” rating in a research report on Saturday, November 25th. Zacks Investment Research downgraded shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Monday, November 27th. Buckingham Research increased their target price on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Signet Jewelers has an average rating of “Hold” and an average price target of $64.98.
Signet Jewelers (NYSE:SIG) traded down $3.90 during midday trading on Thursday, hitting $52.69. 8,792,700 shares of the company were exchanged, compared to its average volume of 3,484,243. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. The stock has a market cap of $3,190.00, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. Signet Jewelers has a 1 year low of $46.09 and a 1 year high of $86.35.
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About Signet Jewelers
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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