SIG (LON:SHI) had its target price hoisted by Berenberg Bank from GBX 145 ($2.00) to GBX 160 ($2.21) in a report issued on Tuesday morning. Berenberg Bank currently has a hold rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on SIG from GBX 96 ($1.33) to GBX 135 ($1.87) and gave the company an underweight rating in a report on Thursday, December 14th. Peel Hunt reiterated a buy rating and issued a GBX 185 ($2.56) price objective on shares of SIG in a research report on Tuesday, November 21st. Shore Capital reiterated a buy rating on shares of SIG in a research report on Tuesday, November 21st. Liberum Capital reiterated a sell rating and issued a GBX 157 ($2.17) price objective on shares of SIG in a research report on Tuesday, January 16th. Finally, Jefferies Group upgraded SIG to a buy rating and increased their price objective for the company from GBX 150 ($2.07) to GBX 200 ($2.76) in a research report on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. SIG has an average rating of Hold and a consensus target price of GBX 158.10 ($2.18).
Shares of SIG (LON:SHI) opened at GBX 151.70 ($2.10) on Tuesday. SIG has a twelve month low of GBX 104 ($1.44) and a twelve month high of GBX 184.90 ($2.55). The firm has a market capitalization of $897.38 and a price-to-earnings ratio of -541.79.
In related news, insider Andrew Allner purchased 6,000 shares of SIG stock in a transaction dated Monday, December 4th. The shares were acquired at an average cost of GBX 168 ($2.32) per share, for a total transaction of £10,080 ($13,926.50). Also, insider Meinie Oldersma purchased 39,000 shares of SIG stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 168 ($2.32) per share, for a total transaction of £65,520 ($90,522.24). Insiders acquired a total of 45,284 shares of company stock worth $7,605,062 over the last quarter.
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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.
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