Numis Securities Ltd Reiterates Hold Rating for SIG plc (LON:SHI)

Numis Securities Ltd reaffirmed their hold rating on shares of SIG plc (LON:SHI) in a research report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 150 ($1.95) target price on the stock.

SHI has been the subject of a number of other reports. Liberum Capital restated a sell rating and set a GBX 95 ($1.24) price objective on shares of SIG plc in a research report on Thursday, May 25th. Shore Capital restated a buy rating on shares of SIG plc in a research report on Wednesday, July 5th. Deutsche Bank AG restated a hold rating on shares of SIG plc in a research report on Wednesday, July 19th. UBS AG upgraded shares of SIG plc to a neutral rating and upped their price objective for the stock from GBX 90 ($1.17) to GBX 140 ($1.82) in a research report on Wednesday, May 24th. Finally, Berenberg Bank restated a hold rating and set a GBX 115 ($1.50) price objective on shares of SIG plc in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. SIG plc currently has an average rating of Hold and an average price target of GBX 132.70 ($1.73).

SIG plc (SHI) opened at 175.50 on Wednesday. The stock’s market capitalization is GBX 1.04 billion. The company’s 50-day moving average is GBX 157.80 and its 200 day moving average is GBX 130.78. SIG plc has a 1-year low of GBX 86.60 and a 1-year high of GBX 180.00.

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The business also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be paid a GBX 1.25 ($0.02) dividend. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.7%.

In other SIG plc news, insider Leslie Van de Walle sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.64), for a total value of £63,000 ($82,041.93).

About SIG plc

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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