SIG plc (SHI) Receives Average Rating of “Hold” from Analysts

SIG plc (LON:SHI) has received an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 143.67 ($1.91).

SHI has been the topic of a number of recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 175 ($2.32) price target on shares of SIG plc in a research report on Monday, June 19th. Shore Capital restated a “buy” rating on shares of SIG plc in a report on Tuesday, August 8th. Deutsche Bank AG upped their price objective on shares of SIG plc from GBX 100 ($1.33) to GBX 155 ($2.06) and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC upped their price objective on shares of SIG plc from GBX 110 ($1.46) to GBX 150 ($1.99) and gave the stock a “hold” rating in a research note on Monday, June 26th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 150 ($1.99) target price (up from GBX 96 ($1.27)) on shares of SIG plc in a report on Thursday, July 6th.

SIG plc (LON SHI) traded up 0.62% during midday trading on Wednesday, hitting GBX 179.00. 2,755,288 shares of the stock traded hands. SIG plc has a 52-week low of GBX 86.60 and a 52-week high of GBX 184.90. The firm’s 50-day moving average is GBX 176.85 and its 200-day moving average is GBX 148.32. The company’s market cap is GBX 1.06 billion.

The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be paid a GBX 1.25 ($0.02) dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 5th.

In other news, insider Richard Monro sold 10,000 shares of SIG plc stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of GBX 176 ($2.33), for a total transaction of £17,600 ($23,345.27). In the last 90 days, insiders have bought 266 shares of company stock worth $44,876.

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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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