SIG plc’s (SHI) “Sell” Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their sell rating on shares of SIG plc (LON:SHI) in a research report released on Tuesday, August 8th. The brokerage currently has a GBX 95 ($1.23) price target on the stock.

Other analysts have also issued reports about the company. Peel Hunt reaffirmed a buy rating and set a GBX 175 ($2.27) target price on shares of SIG plc in a report on Wednesday, July 5th. UBS AG raised SIG plc to a neutral rating and raised their target price for the stock from GBX 90 ($1.17) to GBX 140 ($1.82) in a report on Wednesday, May 24th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 96 ($1.25) price objective on shares of SIG plc in a report on Friday, April 21st. Jefferies Group LLC raised their price objective on SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the company a hold rating in a report on Monday, June 26th. Finally, Deutsche Bank AG reissued a hold rating on shares of SIG plc in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 138.90 ($1.80).

SIG plc (SHI) traded down 0.78% on Tuesday, reaching GBX 177.10. 2,455,744 shares of the company were exchanged. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 184.90. The stock’s market capitalization is GBX 1.05 billion. The company’s 50-day moving average price is GBX 161.73 and its 200-day moving average price is GBX 133.26.

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The business also recently disclosed a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be given a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.7%.

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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