Liberum Capital Reiterates Sell Rating for SIG (SHI)
SIG (LON:SHI)‘s stock had its “sell” rating reiterated by Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 157 ($2.13) price target on the stock. Liberum Capital’s price target points to a potential downside of 5.99% from the company’s current price.
SHI has been the topic of a number of other reports. Barclays started coverage on SIG in a research report on Monday, November 27th. They set an “underweight” rating and a GBX 155 ($2.10) price objective on the stock. Deutsche Bank lifted their price objective on SIG from GBX 163 ($2.21) to GBX 174 ($2.36) and gave the company a “hold” rating in a research report on Monday, January 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 185 ($2.51) price objective on shares of SIG in a research report on Tuesday, November 21st. Shore Capital reaffirmed a “buy” rating on shares of SIG in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on SIG from GBX 96 ($1.30) to GBX 135 ($1.83) and gave the company an “underweight” rating in a research report on Thursday, December 14th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. SIG currently has a consensus rating of “Hold” and a consensus target price of GBX 153.60 ($2.08).
SIG (SHI) opened at GBX 167 ($2.26) on Tuesday. SIG has a 12-month low of GBX 99.30 ($1.35) and a 12-month high of GBX 184.90 ($2.51). The firm has a market capitalization of $987.86 and a PE ratio of -596.43.
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SIG 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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