SIG (SHI) Stock Rating Reaffirmed by Shore Capital

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Shore Capital reiterated their buy rating on shares of SIG (LON:SHI) in a report released on Tuesday.

SHI has been the topic of a number of other reports. UBS Group lowered their price objective on shares of SIG from GBX 148 ($1.93) to GBX 127 ($1.66) and set a neutral rating on the stock in a research report on Tuesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of SIG from GBX 135 ($1.76) to GBX 110 ($1.44) and set an underweight rating on the stock in a research report on Thursday, November 29th. Peel Hunt reissued a buy rating on shares of SIG in a research report on Tuesday, December 18th. Liberum Capital reissued a buy rating on shares of SIG in a research report on Tuesday, December 18th. Finally, Berenberg Bank decreased their target price on shares of SIG from GBX 150 ($1.96) to GBX 140 ($1.83) and set a hold rating for the company in a research report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. SIG currently has an average rating of Hold and an average price target of GBX 141.40 ($1.85).

Shares of SHI opened at GBX 117.40 ($1.53) on Tuesday. SIG has a 52 week low of GBX 108.25 ($1.41) and a 52 week high of GBX 184.90 ($2.42).

In other news, insider Meinie Oldersma acquired 332,388 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average cost of GBX 105 ($1.37) per share, with a total value of £349,007.40 ($456,039.98). Also, insider Nick Maddock acquired 62,938 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of GBX 106 ($1.39) per share, with a total value of £66,714.28 ($87,174.02).

About SIG

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.

Further Reading: Net Asset Value

Analyst Recommendations for SIG (LON:SHI)

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