ValuEngine cut shares of Signet Jewelers (NYSE:SIG) from a buy rating to a hold rating in a report issued on Sunday.
A number of other brokerages have also commented on SIG. Wells Fargo & Co lowered shares of Signet Jewelers from an outperform rating to a market perform rating and decreased their price target for the company from $75.00 to $60.00 in a research note on Tuesday, November 21st. Zacks Investment Research lowered shares of Signet Jewelers from a buy rating to a hold rating in a research note on Wednesday, November 15th. Buckingham Research upped their price target on shares of Signet Jewelers from $55.00 to $72.00 and gave the company a neutral rating in a research note on Tuesday, November 14th. Needham & Company LLC increased their target price on shares of Signet Jewelers from $69.00 to $74.00 and gave the stock a buy rating in a research report on Wednesday, September 20th. Finally, Royal Bank of Canada restated a buy rating and set a $66.00 target price on shares of Signet Jewelers in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $65.48.
Shares of Signet Jewelers (NYSE SIG) traded up $0.63 on Friday, reaching $56.55. 2,421,900 shares of the company were exchanged, compared to its average volume of 1,918,278. Signet Jewelers has a twelve month low of $46.09 and a twelve month high of $96.39. The firm has a market cap of $3,422.18, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63.
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About Signet Jewelers
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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