SIG plc (SHI) Receives Average Rating of “Hold” from Analysts

Shares of SIG plc (LON:SHI) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 155.88 ($2.04).

SHI has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of SIG from GBX 148 ($1.93) to GBX 127 ($1.66) and set a “neutral” rating on the stock in a research report on Tuesday, October 9th. Peel Hunt reaffirmed a “buy” rating on shares of SIG in a research report on Wednesday, July 4th. Liberum Capital reaffirmed a “buy” rating on shares of SIG in a research report on Tuesday, August 14th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 155 ($2.03) price objective on shares of SIG in a research report on Monday, September 3rd. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of SIG in a research report on Friday, August 17th.

In other news, insider Andrew Allner bought 12,014 shares of the stock in a transaction dated Tuesday, September 25th. The shares were acquired at an average price of GBX 125 ($1.63) per share, with a total value of £15,017.50 ($19,623.02).

SHI traded up GBX 4.80 ($0.06) on Thursday, reaching GBX 117 ($1.53). 4,060,520 shares of the company traded hands, compared to its average volume of 2,830,000. SIG has a 52-week low of GBX 108.25 ($1.41) and a 52-week high of GBX 184.90 ($2.42).

The company also recently announced a dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 4th will be issued a GBX 1.25 ($0.02) dividend. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 4th.

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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