SIG plc (SHI) Earns “Buy” Rating from Shore Capital

SIG plc (LON:SHI)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a report issued on Tuesday.

Several other equities research analysts have also recently issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 185 ($2.43) price objective on shares of SIG plc in a report on Tuesday. Deutsche Bank AG lifted their target price on SIG plc from GBX 155 ($2.04) to GBX 163 ($2.14) and gave the company a “hold” rating in a report on Monday. Liberum Capital reiterated a “sell” rating and issued a GBX 157 ($2.06) target price on shares of SIG plc in a report on Tuesday, November 14th. Finally, Numis Securities Ltd cut SIG plc to a “reduce” rating and set a GBX 150 ($1.97) target price on the stock. in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. SIG plc presently has an average rating of “Hold” and a consensus target price of GBX 140.70 ($1.85).

Shares of SIG plc (LON:SHI) opened at GBX 174.30 ($2.29) on Tuesday. SIG plc has a fifty-two week low of GBX 87.95 ($1.16) and a fifty-two week high of GBX 184.90 ($2.43).

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In other news, insider Richard Monro sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of GBX 176 ($2.31), for a total transaction of £17,600 ($23,148.76).

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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