Analysts Set SIG plc (LON:SHI) Target Price at $136.38

SIG plc (LON:SHI) has been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 134.50 ($1.77).

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Several equities analysts recently weighed in on the company. Peel Hunt reiterated a “buy” rating and set a GBX 175 ($2.31) target price on shares of SIG plc in a research report on Wednesday, July 5th. UBS AG upgraded SIG plc to a “neutral” rating and raised their price objective for the stock from GBX 90 ($1.19) to GBX 140 ($1.85) in a report on Wednesday, May 24th. Liberum Capital restated a “sell” rating and issued a GBX 95 ($1.25) price objective on shares of SIG plc in a report on Thursday, May 25th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 96 ($1.27) price objective on shares of SIG plc in a report on Friday, April 21st. Finally, Jefferies Group LLC raised their price objective on SIG plc from GBX 110 ($1.45) to GBX 150 ($1.98) and gave the stock a “hold” rating in a report on Monday, June 26th.

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In other news, insider Leslie Van de Walle sold 50,000 shares of SIG plc stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of GBX 126 ($1.66), for a total value of £63,000 ($83,102.49).

Shares of SIG plc (LON:SHI) traded up 1.38% during midday trading on Friday, reaching GBX 169.30. 1,188,408 shares of the company traded hands. The firm’s market capitalization is GBX 1.00 billion. The stock has a 50 day moving average price of GBX 152.55 and a 200 day moving average price of GBX 127.73. SIG plc has a 1-year low of GBX 86.60 and a 1-year high of GBX 169.90.

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.