Deutsche Bank Boosts SIG (LON:SHI) Price Target to GBX 163

SIG (LON:SHI) had its target price upped by Deutsche Bank from GBX 155 ($2.09) to GBX 163 ($2.19) in a report issued on Monday, November 20th. Deutsche Bank currently has a hold rating on the stock.

SHI has been the topic of a number of other research reports. Numis Securities downgraded SIG to a reduce rating and set a GBX 150 ($2.02) target price on the stock. in a research report on Friday, August 18th. Shore Capital reaffirmed a buy rating on shares of SIG in a research report on Tuesday, August 8th. Liberum Capital reaffirmed a sell rating and issued a GBX 95 ($1.28) target price on shares of SIG in a research report on Tuesday, August 8th. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 175 ($2.36) target price on shares of SIG in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. SIG presently has an average rating of Hold and a consensus target price of GBX 146.55 ($1.97).

SIG (LON SHI) traded down GBX 0.80 ($0.01) on Monday, hitting GBX 167.70 ($2.26). The company’s stock had a trading volume of 1,507,900 shares, compared to its average volume of 2,600,000. SIG has a 1 year low of GBX 89 ($1.20) and a 1 year high of GBX 184.90 ($2.49).

In other SIG news, insider Meinie Oldersma purchased 39,000 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average price of GBX 168 ($2.26) per share, with a total value of £65,520 ($88,183.04). Also, insider Andrew Allner acquired 6,000 shares of SIG stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of GBX 168 ($2.26) per share, with a total value of £10,080 ($13,566.62). In the last three months, insiders have acquired 45,177 shares of company stock worth $7,589,925.

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About SIG

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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