SIG plc (LON:SHI) Receives Average Recommendation of “Hold” from Analysts

SIG plc (LON:SHI) has received an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 137 ($1.79).

Several research firms have recently issued reports on SHI. UBS Group reaffirmed a “sell” rating on shares of SIG in a research note on Friday, June 28th. Bank of America reaffirmed a “buy” rating on shares of SIG in a research note on Tuesday, July 16th. Jefferies Financial Group cut their price target on SIG from GBX 148 ($1.93) to GBX 145 ($1.89) and set a “hold” rating for the company in a research note on Tuesday, June 25th. Liberum Capital reaffirmed a “buy” rating on shares of SIG in a research note on Friday, July 5th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of SIG in a research note on Tuesday, July 9th.

SIG stock traded down GBX 2.50 ($0.03) during midday trading on Friday, reaching GBX 129.20 ($1.69). The company’s stock had a trading volume of 1,621,716 shares, compared to its average volume of 2,830,000. SIG has a fifty-two week low of GBX 101.30 ($1.32) and a fifty-two week high of GBX 153.90 ($2.01). The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 59.65. The company’s 50 day simple moving average is GBX 129.70. The company has a market capitalization of $764.29 million and a price-to-earnings ratio of 43.07.

SIG Company Profile

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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