SIG plc (LON:SHI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of SIG plc (LON:SHI) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 143.75 ($1.88).

A number of equities analysts have weighed in on SHI shares. Shore Capital reissued a “buy” rating on shares of SIG in a research report on Friday, March 8th. Peel Hunt reissued a “buy” rating on shares of SIG in a research report on Friday, March 8th. Berenberg Bank boosted their target price on SIG from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the stock a “hold” rating in a research report on Wednesday, April 3rd. UBS Group reissued a “sell” rating on shares of SIG in a research report on Friday, May 3rd. Finally, Liberum Capital reissued a “buy” rating on shares of SIG in a research report on Friday, March 8th.

SIG stock traded up GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 134.40 ($1.76). The stock had a trading volume of 861,116 shares, compared to its average volume of 2,830,000. The stock has a market cap of $789.14 million and a price-to-earnings ratio of 44.80. SIG has a one year low of GBX 101.30 ($1.32) and a one year high of GBX 153.90 ($2.01). The company has a debt-to-equity ratio of 59.65, a current ratio of 1.52 and a quick ratio of 0.97.

About SIG

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.

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Analyst Recommendations for SIG (LON:SHI)

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