SIG (SHI) Given “Neutral” Rating at Citigroup
SIG (LON:SHI)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup in a report issued on Monday. They currently have a GBX 140 ($1.93) price objective on the stock. Citigroup’s price target would indicate a potential upside of 2.71% from the company’s previous close.
A number of other equities research analysts have also commented on SHI. Liberum Capital restated a “sell” rating and set a GBX 157 ($2.17) price objective on shares of SIG in a report on Tuesday, November 14th. Deutsche Bank raised their price objective on shares of SIG from GBX 155 ($2.14) to GBX 163 ($2.25) and gave the stock a “hold” rating in a report on Monday, November 20th. Peel Hunt restated a “buy” rating and set a GBX 185 ($2.56) price objective on shares of SIG in a report on Tuesday, November 21st. Shore Capital reiterated a “buy” rating on shares of SIG in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SIG in a research note on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 155.92 ($2.15).
Shares of SIG (LON SHI) opened at GBX 136.30 ($1.88) on Monday. SIG has a twelve month low of GBX 104.60 ($1.45) and a twelve month high of GBX 184.90 ($2.55). The company has a market cap of $806.28 and a price-to-earnings ratio of -486.79.
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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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