SIG plc (SHI) Stock Rating Reaffirmed by Peel Hunt

SIG plc (LON:SHI)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 175 ($2.28) price objective on the stock. Peel Hunt’s price target points to a potential downside of 2.67% from the company’s previous close.

A number of other research firms also recently weighed in on SHI. Deutsche Bank AG reissued a “hold” rating on shares of SIG plc in a research note on Wednesday, July 19th. Numis Securities Ltd reissued a “hold” rating and set a GBX 150 ($1.95) price target (up from GBX 96 ($1.25)) on shares of SIG plc in a research note on Thursday, July 6th. J P Morgan Chase & Co reissued an “underweight” rating on shares of SIG plc in a research note on Thursday, July 6th. Liberum Capital reissued a “sell” rating and set a GBX 95 ($1.24) price target on shares of SIG plc in a research note on Thursday, May 25th. Finally, Jefferies Group LLC boosted their price target on shares of SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the stock a “hold” rating in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. SIG plc presently has a consensus rating of “Hold” and an average target price of GBX 132.70 ($1.73).

Shares of SIG plc (LON:SHI) opened at 176.90 on Tuesday. The company’s 50-day moving average is GBX 155.76 and its 200-day moving average is GBX 130.06. The company’s market capitalization is GBX 1.05 billion. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 180.00.

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In related news, insider Leslie Van de Walle sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.64), for a total transaction of £63,000 ($82,041.93).

About SIG plc

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.

Analyst Recommendations for SIG plc (LON:SHI)

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