SIG (SHI) Price Target Increased to GBX 174 by Analysts at Deutsche Bank

SIG (LON:SHI) had its price target hoisted by investment analysts at Deutsche Bank from GBX 163 ($2.21) to GBX 174 ($2.36) in a report issued on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 4.50% from the company’s previous close.

Other analysts have also issued reports about the company. Peel Hunt increased their price objective on SIG from GBX 185 ($2.51) to GBX 194 ($2.63) and gave the stock a “buy” rating in a report on Wednesday, December 6th. Jefferies Group upgraded SIG to a “buy” rating and increased their price objective for the stock from GBX 150 ($2.03) to GBX 200 ($2.71) in a report on Tuesday, November 28th. Shore Capital reiterated a “buy” rating on shares of SIG in a report on Tuesday, November 21st. Liberum Capital reiterated a “sell” rating and set a GBX 157 ($2.13) price objective on shares of SIG in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. increased their price objective on SIG from GBX 96 ($1.30) to GBX 135 ($1.83) and gave the stock an “underweight” rating in a report on Thursday, December 14th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. SIG currently has an average rating of “Hold” and a consensus price target of GBX 151.91 ($2.06).

Shares of SIG (LON SHI) opened at GBX 166.50 ($2.26) on Monday. SIG has a 1-year low of GBX 92.20 ($1.25) and a 1-year high of GBX 184.90 ($2.51). The stock has a market capitalization of $973.08 and a price-to-earnings ratio of -594.64.

In other SIG news, insider Meinie Oldersma purchased 39,000 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of GBX 168 ($2.28) per share, with a total value of £65,520 ($88,852.73). Also, insider Andrew Allner purchased 6,000 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of GBX 168 ($2.28) per share, for a total transaction of £10,080 ($13,669.65). Insiders have acquired 45,182 shares of company stock worth $7,590,014 over the last three months.

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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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