SIG (SHI) PT Raised to GBX 160

SIG (LON:SHI) had its price target increased by equities researchers at Berenberg Bank from GBX 145 ($2.00) to GBX 160 ($2.21) in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 6.67% from the company’s previous close.

A number of other equities research analysts have also issued reports on SHI. Liberum Capital reiterated a “sell” rating and issued a GBX 157 ($2.17) target price on shares of SIG in a research note on Tuesday, November 14th. Deutsche Bank increased their target price on SIG from GBX 155 ($2.14) to GBX 163 ($2.25) and gave the company a “hold” rating in a research note on Monday, November 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 185 ($2.56) target price on shares of SIG in a research note on Tuesday, November 21st. Shore Capital reiterated a “buy” rating on shares of SIG in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SIG in a research note on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 158.10 ($2.18).

Shares of SIG (SHI) opened at GBX 150 ($2.07) on Tuesday. SIG has a 12 month low of GBX 104 ($1.44) and a 12 month high of GBX 184.90 ($2.55). The stock has a market capitalization of $900.34 and a PE ratio of -535.71.

In other SIG news, insider Meinie Oldersma acquired 39,000 shares of the stock in a transaction on Friday, December 1st. The stock was purchased at an average price of GBX 168 ($2.32) per share, for a total transaction of £65,520 ($90,522.24). Also, insider Andrew Allner acquired 6,000 shares of the stock in a transaction on Monday, December 4th. The shares were acquired at an average price of GBX 168 ($2.32) per share, with a total value of £10,080 ($13,926.50). In the last 90 days, insiders have acquired 45,284 shares of company stock valued at $7,605,062.

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SIG Company Profile

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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