SIG plc (LON:SHI) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 134.50 ($1.76).
Several brokerages have issued reports on SHI. Deutsche Bank AG reaffirmed a “hold” rating on shares of SIG plc in a report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of SIG plc in a report on Thursday, July 6th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 150 ($1.96) price target (up previously from GBX 96 ($1.25)) on shares of SIG plc in a report on Thursday, July 6th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 95 ($1.24) price target on shares of SIG plc in a report on Thursday, May 25th. Finally, Jefferies Group LLC upped their price target on shares of SIG plc from GBX 110 ($1.44) to GBX 150 ($1.96) and gave the company a “hold” rating in a report on Monday, June 26th.
SIG plc (LON SHI) traded up 3.33% on Friday, reaching GBX 158.30. 1,665,933 shares of the company’s stock were exchanged. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 158.30. The company’s market cap is GBX 936.28 million. The firm has a 50 day moving average of GBX 149.40 and a 200-day moving average of GBX 123.40.
In related news, insider Leslie Van de Walle sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.65), for a total transaction of £63,000 ($82,266.91).
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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