SIG (LON:SHI) had its price objective lowered by Berenberg Bank from GBX 135 ($1.76) to GBX 100 ($1.31) in a research note published on Monday morning, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.
A number of other brokerages have also commented on SHI. Royal Bank of Canada reissued an outperform rating on shares of SIG in a research report on Monday, October 7th. Canaccord Genuity cut their price objective on shares of SIG from GBX 133 ($1.74) to GBX 107 ($1.40) and set a hold rating on the stock in a research report on Tuesday, October 8th. UBS Group reissued a sell rating and issued a GBX 88 ($1.15) price objective (down previously from GBX 93 ($1.22)) on shares of SIG in a research report on Tuesday, October 8th. Jefferies Financial Group cut their price objective on shares of SIG from GBX 148 ($1.93) to GBX 145 ($1.89) and set a hold rating on the stock in a research report on Tuesday, June 25th. Finally, Liberum Capital reissued a buy rating on shares of SIG in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. SIG currently has an average rating of Hold and an average target price of GBX 129.57 ($1.69).
Shares of LON SHI opened at GBX 112.30 ($1.47) on Monday. The business’s fifty day simple moving average is GBX 121.42 and its 200-day simple moving average is GBX 131.25. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 136.88. The stock has a market cap of $664.32 million and a P/E ratio of 160.43. SIG has a 12-month low of GBX 87.60 ($1.14) and a 12-month high of GBX 153.90 ($2.01).
The company also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date is Thursday, October 3rd. SIG’s dividend payout ratio (DPR) is currently 5.71%.
In other news, insider Andrew Allner purchased 6,000 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were purchased at an average cost of GBX 100 ($1.31) per share, with a total value of £6,000 ($7,840.06).
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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