Several other research analysts also recently commented on the company. Deutsche Bank lifted their target price on SIG from GBX 155 ($2.10) to GBX 163 ($2.21) and gave the stock a hold rating in a report on Monday, November 20th. Peel Hunt reaffirmed a buy rating and set a GBX 185 ($2.51) target price on shares of SIG in a report on Tuesday, November 21st. Shore Capital reaffirmed a buy rating on shares of SIG in a report on Tuesday, November 21st. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of SIG in a report on Wednesday, November 22nd. Finally, Barclays assumed coverage on SIG in a report on Monday, November 27th. They set an underweight rating and a GBX 155 ($2.10) target price on the stock. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. SIG currently has an average rating of Hold and an average price target of GBX 153.60 ($2.08).
SIG (LON SHI) traded down GBX 3.40 ($0.05) during midday trading on Tuesday, hitting GBX 165.50 ($2.24). The company had a trading volume of 1,341,906 shares, compared to its average volume of 1,400,000. SIG has a 12 month low of GBX 101.30 ($1.37) and a 12 month high of GBX 184.90 ($2.51). The firm has a market cap of $978.99 and a P/E ratio of -591.07.
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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