SIG plc (LON:SHI) Given “Hold” Rating at Numis Securities Ltd

SIG plc (LON:SHI)‘s stock had its “hold” rating restated by stock analysts at Numis Securities Ltd in a note issued to investors on Wednesday, August 9th, Marketbeat.com reports. They currently have a GBX 150 ($1.95) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 15.30% from the company’s previous close.

A number of other research analysts also recently weighed in on SHI. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 96 ($1.25) price objective on shares of SIG plc in a report on Friday, April 21st. Liberum Capital reiterated a “sell” rating and issued a GBX 95 ($1.23) target price on shares of SIG plc in a research note on Thursday, May 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 115 ($1.49) target price on shares of SIG plc in a research note on Friday, May 12th. Shore Capital initiated coverage on shares of SIG plc in a research note on Tuesday, May 16th. They issued a “buy” rating on the stock. Finally, Peel Hunt upgraded shares of SIG plc to a “buy” rating and increased their target price for the stock from GBX 103 ($1.34) to GBX 175 ($2.27) in a research note on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. SIG plc presently has a consensus rating of “Hold” and a consensus price target of GBX 138.90 ($1.80).

Shares of SIG plc (LON:SHI) opened at 177.10 on Wednesday. The company’s market cap is GBX 1.05 billion. 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 price is GBX 161.73 and its 200 day moving average price is GBX 133.14.

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SIG plc 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 plc (LON:SHI)

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