SIG plc (LON:SHI) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 153.60 ($2.16).
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank upped their target price on shares of SIG from GBX 155 ($2.18) to GBX 163 ($2.29) and gave the company a “hold” rating in a research note on Monday, November 20th. Shore Capital reiterated a “buy” rating on shares of SIG in a research note on Tuesday, November 21st. Peel Hunt reiterated a “buy” rating and set a GBX 185 ($2.60) price objective on shares of SIG in a research note on Tuesday, November 21st. Barclays began coverage on shares of SIG in a research note on Monday, November 27th. They set an “underweight” rating and a GBX 155 ($2.18) price objective on the stock. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 157 ($2.20) price objective on shares of SIG in a research note on Monday, January 8th.
In other news, insider Meinie Oldersma purchased 39,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of GBX 168 ($2.36) per share, for a total transaction of £65,520 ($92,009.55). Also, insider Andrew Allner purchased 6,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was purchased at an average price of GBX 168 ($2.36) per share, for a total transaction of £10,080 ($14,155.32). In the last quarter, insiders have purchased 45,271 shares of company stock worth $7,604,877.
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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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