SIG plc (SHI) Given Consensus Rating of “Hold” by Analysts

Shares of SIG plc (LON:SHI) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 134.50 ($1.75).

A number of research firms recently issued reports on SHI. Peel Hunt restated a “buy” rating and set a GBX 175 ($2.28) price objective on shares of SIG plc in a report on Wednesday, July 5th. UBS AG upgraded shares of SIG plc to a “neutral” rating and raised their price objective for the stock from GBX 90 ($1.17) to GBX 140 ($1.82) in a report on Wednesday, May 24th. Liberum Capital restated a “sell” rating and set a GBX 95 ($1.24) price objective on shares of SIG plc in a report on Tuesday. Shore Capital restated a “buy” rating on shares of SIG plc in a report on Tuesday. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 96 ($1.25) price objective on shares of SIG plc in a report on Friday, April 21st.

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In other news, insider Leslie Van de Walle sold 50,000 shares of SIG plc stock in a transaction dated 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).

SIG plc (LON SHI) traded down 2.93% during mid-day trading on Tuesday, reaching GBX 165.50. 3,242,446 shares of the company’s stock were exchanged. The company has a 50-day moving average of GBX 154.82 and a 200-day moving average of GBX 129.53. The stock’s market cap is GBX 978.87 million. SIG plc has a 52-week low of GBX 86.60 and a 52-week high of GBX 172.00.

SIG plc 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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