SIG’s (SHI) “Sell” Rating Reiterated at Liberum Capital

Liberum Capital reissued their sell rating on shares of SIG (LON:SHI) in a research report released on Tuesday. Liberum Capital currently has a GBX 157 ($2.13) price target on the stock.

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.

In other news, insider Andrew Allner bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost of GBX 168 ($2.28) per share, with a total value of £10,080 ($13,669.65). Also, insider Meinie Oldersma bought 39,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of GBX 168 ($2.28) per share, with a total value of £65,520 ($88,852.73). Insiders bought a total of 45,271 shares of company stock worth $7,604,877 over the last three months.

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About SIG

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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