SIG (LON:SHI) PT Lowered to GBX 135 at Berenberg Bank

SIG (LON:SHI) had its price objective reduced by Berenberg Bank from GBX 140 ($1.83) to GBX 135 ($1.76) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.

A number of other research firms have also recently issued reports on SHI. Canaccord Genuity set a $394.00 price objective on Tesla and gave the company a buy rating in a research report on Wednesday, July 3rd. UBS Group set a $170.00 price objective on United Rentals and gave the company a buy rating in a research report on Friday, June 28th. Shore Capital reissued a not rated rating on shares of SolGold in a research report on Wednesday, May 8th. JPMorgan Chase & Co. set a GBX 4,000 ($52.27) price objective on British American Tobacco Plc Ads and gave the company a buy rating in a research report on Monday, March 11th. Finally, Peel Hunt reissued a hold rating and set a GBX 935 ($12.22) price objective (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 140.71 ($1.84).

SHI opened at GBX 127 ($1.66) on Tuesday. The firm has a market capitalization of $751.28 million and a PE ratio of 42.33. SIG has a 1 year low of GBX 101.30 ($1.32) and a 1 year high of GBX 153.90 ($2.01). The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 59.65. The company’s fifty day moving average price is GBX 131.29.

About SIG

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.

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Analyst Recommendations for SIG (LON:SHI)

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