SIG plc (SHI) Receives GBX 153.60 Average Target Price from Analysts

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.

Shares of SIG (SHI) traded up GBX 0.40 ($0.01) during trading on Tuesday, hitting GBX 156.20 ($2.19). 1,100,000 shares of the stock were exchanged, compared to its average volume of 1,560,000. The firm has a market cap of $924.00 and a price-to-earnings ratio of -557.86. SIG has a 1-year low of GBX 102.20 ($1.44) and a 1-year high of GBX 184.90 ($2.60).

COPYRIGHT VIOLATION WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2018/02/02/sig-plc-shi-receives-gbx-153-60-average-target-price-from-analysts.html.

About SIG

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)

Receive News & Ratings for SIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit