Shore Capital restated their buy rating on shares of SIG (LON:SHI) in a research note released on Thursday morning.

Several other research analysts have also recently issued reports on SHI. Deutsche Bank reiterated a hold rating and issued a GBX 174 ($2.44) price objective on shares of SIG in a research report on Monday. Peel Hunt reissued a buy rating and issued a GBX 194 ($2.72) target price on shares of SIG in a report on Tuesday, January 23rd. Liberum Capital reaffirmed a sell rating and set a GBX 157 ($2.20) price objective on shares of SIG in a research note on Monday, January 8th. Barclays began coverage on SIG in a research note on Monday, November 27th. They set an underweight rating and a GBX 155 ($2.18) price objective on the stock. Finally, JPMorgan Chase & Co. reiterated an underweight rating on shares of SIG in a research report on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 153.60 ($2.16).

SIG (LON:SHI) traded down GBX 0.80 ($0.01) during trading on Thursday, hitting GBX 155 ($2.18). The stock had a trading volume of 2,167,962 shares, compared to its average volume of 1,560,000. SIG has a twelve month low of GBX 102.20 ($1.44) and a twelve month high of GBX 184.90 ($2.60). The stock has a market capitalization of $924.00 and a PE ratio of -553.57.

In related news, insider Meinie Oldersma bought 39,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 168 ($2.36) per share, for a total transaction of £65,520 ($92,009.55). Also, insider Andrew Allner bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of GBX 168 ($2.36) per share, for a total transaction of £10,080 ($14,155.32). Insiders have acquired a total of 45,271 shares of company stock worth $7,604,877 in the last ninety days.

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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.

Analyst Recommendations for SIG (LON:SHI)

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