SIG (SHI) Earns Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of SIG (LON:SHI) in a research note released on Friday morning. Shore Capital currently has a GBX 150 ($2.07) target price on the stock.

Several other research firms also recently issued reports on SHI. Deutsche Bank raised their price target on shares of SIG from GBX 163 ($2.25) to GBX 174 ($2.40) and gave the company a hold rating in a research note on Monday, January 8th. Liberum Capital reissued a sell rating and set a GBX 157 ($2.17) target price on shares of SIG in a research note on Monday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of SIG from GBX 96 ($1.33) to GBX 135 ($1.87) and gave the stock an underweight rating in a research note on Thursday, December 14th. Peel Hunt lifted their target price on shares of SIG from GBX 185 ($2.56) to GBX 194 ($2.68) and gave the stock a buy rating in a research note on Wednesday, December 6th. Finally, Barclays initiated coverage on shares of SIG in a research note on Monday, November 27th. They set an underweight rating and a GBX 155 ($2.14) target price for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. SIG has an average rating of Hold and a consensus target price of GBX 155.92 ($2.15).

SIG (LON:SHI) opened at GBX 137.50 ($1.90) on Friday. The stock has a market cap of $813.38 and a price-to-earnings ratio of -1,375.00. SIG has a 52 week low of GBX 105.36 ($1.46) and a 52 week high of GBX 184.90 ($2.55).

SIG (LON:SHI) last released its quarterly earnings results on Friday, March 9th. The company reported GBX 9.80 ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 9.50 ($0.13) by GBX 0.30 ($0.00). The firm had revenue of GBX 287.84 billion during the quarter. SIG had a negative net margin of 1.15% and a negative return on equity of 6.09%.

In other news, insider Andrew Allner bought 10,940 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was acquired at an average price of GBX 137 ($1.89) per share, with a total value of £14,987.80 ($20,707.10). Insiders have purchased 11,224 shares of company stock valued at $1,543,842 in the last three months.

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SIG Company Profile

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 (LON:SHI)

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