Liberum Capital reaffirmed their sell rating on shares of SIG (LON:SHI) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 157 ($2.17) target price on the stock.
A number of other research firms also recently weighed in on SHI. Jefferies Group raised shares of SIG to a buy rating and upped their target price for the stock from GBX 150 ($2.07) to GBX 200 ($2.76) in a research report on Tuesday, November 28th. Shore Capital reaffirmed a buy rating on shares of SIG in a research report on Thursday, February 1st. Deutsche Bank reissued a hold rating and set a GBX 174 ($2.40) price objective on shares of SIG in a research report on Monday, January 29th. Peel Hunt increased their price objective on shares of SIG from GBX 185 ($2.56) to GBX 194 ($2.68) and gave the company a buy rating in a research report on Wednesday, December 6th. Finally, Berenberg Bank increased their price objective on shares of SIG from GBX 145 ($2.00) to GBX 160 ($2.21) and gave the company a hold rating in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 155.92 ($2.15).
Shares of SIG (LON SHI) opened at GBX 137.50 ($1.90) on Friday. The firm has a market cap of $813.38 and a PE ratio of -1,375.00. SIG has a 1 year low of GBX 105.36 ($1.46) and a 1 year high of GBX 184.90 ($2.55).
In other news, insider Andrew Allner acquired 10,940 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average cost of GBX 137 ($1.89) per share, with a total value of £14,987.80 ($20,707.10). Insiders have purchased a total of 11,224 shares of company stock worth $1,543,842 over the last three months.
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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