Peel Hunt Increases SIG plc (SHI) Price Target to GBX 103

SIG plc (LON:SHI) had its target price raised by investment analysts at Peel Hunt from GBX 94 ($1.17) to GBX 103 ($1.28) in a report released on Thursday. The firm currently has a “hold” rating on the stock. Peel Hunt’s price target suggests a potential downside of 6.28% from the company’s current price.

Other analysts have also recently issued reports about the company. J P Morgan Chase & Co cut their target price on SIG plc from GBX 120 ($1.49) to GBX 96 ($1.20) and set a “neutral” rating on the stock in a research note on Wednesday, November 30th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 96 ($1.20) target price (down from GBX 117 ($1.46)) on shares of SIG plc in a research note on Monday, November 14th. Panmure Gordon restated a “buy” rating and issued a GBX 135 ($1.68) price objective on shares of SIG plc in a report on Friday, January 13th. Deutsche Bank AG cut their price objective on SIG plc from GBX 116 ($1.44) to GBX 100 ($1.25) and set a “hold” rating on the stock in a research report on Monday, November 14th. Finally, Canaccord Genuity cut SIG plc to a “hold” rating and cut their price objective for the company from GBX 130 ($1.62) to GBX 99 ($1.23) in a research report on Monday, November 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 107.44 ($1.34).

Analyst Recommendations for SIG plc (LON:SHI)

Shares of SIG plc (LON:SHI) opened at 109.911629 on Thursday. The company’s market capitalization is GBX 649.97 million. The firm’s 50-day moving average price is GBX 103.63 and its 200-day moving average price is GBX 107.50. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 149.80.

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In other news, insider Mel Ewell acquired 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average cost of GBX 90 ($1.12) per share, for a total transaction of £9,900 ($12,331.84). Over the last 90 days, insiders purchased 11,296 shares of company stock valued at $1,019,990.

SIG plc 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.

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