Shares of SIG plc (LON:SHI) have received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 158.10 ($2.18).
A number of research firms have recently weighed in on SHI. Peel Hunt lifted their price objective on SIG from GBX 185 ($2.56) to GBX 194 ($2.68) and gave the company a “buy” rating in a research report on Wednesday, December 6th. Jefferies Group raised SIG to a “buy” rating and lifted their target price for the company from GBX 150 ($2.07) to GBX 200 ($2.76) in a research note on Tuesday, November 28th. Shore Capital reissued a “buy” rating on shares of SIG in a research note on Tuesday, November 21st. Deutsche Bank lifted their target price on SIG from GBX 163 ($2.25) to GBX 174 ($2.40) and gave the company a “hold” rating in a research note on Monday, January 8th. Finally, Berenberg Bank lifted their target price on SIG from GBX 145 ($2.00) to GBX 160 ($2.21) and gave the company a “hold” rating in a research note on Tuesday, February 20th.
In other news, insider Andrew Allner acquired 6,000 shares of SIG 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). Also, insider Meinie Oldersma acquired 39,000 shares of SIG stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of GBX 168 ($2.32) per share, for a total transaction of £65,520 ($90,522.24). Insiders have purchased a total of 45,284 shares of company stock worth $7,605,062 in the last three months.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3225714/sig-plc-shi-receives-gbx-158-10-consensus-target-price-from-brokerages.html.
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.
Receive News & Ratings for SIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG and related companies with MarketBeat.com's FREE daily email newsletter.