Brokerages Set SIG plc (SHI) Price Target at $143.67

Shares of SIG plc (LON:SHI) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 145.67 ($1.92).

Several equities research analysts have recently issued reports on the stock. Numis Securities Ltd reissued a “hold” rating and set a GBX 150 ($1.97) price objective on shares of SIG plc in a research report on Wednesday, August 9th. Liberum Capital reissued a “sell” rating and set a GBX 157 ($2.06) price objective on shares of SIG plc in a research report on Tuesday. Deutsche Bank AG increased their price objective on shares of SIG plc from GBX 155 ($2.04) to GBX 163 ($2.14) and gave the stock a “hold” rating in a research report on Monday. Shore Capital reissued a “buy” rating on shares of SIG plc in a research report on Tuesday, August 8th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 185 ($2.43) price objective on shares of SIG plc in a research report on Tuesday.

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In related news, insider Richard Monro sold 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of GBX 176 ($2.31), for a total transaction of £17,600 ($23,148.76).

Shares of SIG plc (LON SHI) traded up GBX 9.50 ($0.12) during mid-day trading on Thursday, hitting GBX 169.10 ($2.22). 5,510,382 shares of the stock traded hands, compared to its average volume of 2,340,000. SIG plc has a 52 week low of GBX 87.95 ($1.16) and a 52 week high of GBX 184.90 ($2.43).

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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