Liberum Capital Increases SIG plc (SHI) Price Target to GBX 95

SIG plc (LON:SHI) had its price objective increased by research analysts at Liberum Capital from GBX 88 ($1.11) to GBX 95 ($1.19) in a research report issued to clients and investors on Monday. The firm presently has a “sell” rating on the stock. Liberum Capital’s price objective indicates a potential downside of 15.71% from the company’s current price.

A number of other brokerages also recently issued reports on SHI. Canaccord Genuity boosted their price target on shares of SIG plc from GBX 97 ($1.22) to GBX 116 ($1.46) and gave the stock a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC restated a “hold” rating and issued a GBX 110 ($1.38) price target on shares of SIG plc in a research report on Thursday, March 16th. Peel Hunt restated a “hold” rating and issued a GBX 103 ($1.29) price target on shares of SIG plc in a research report on Tuesday, March 14th. Deutsche Bank AG restated a “hold” rating on shares of SIG plc in a research report on Tuesday, January 3rd. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 135 ($1.70) price target on shares of SIG plc in a research report on Friday, January 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 112.33 ($1.41).

Analyst Recommendations for SIG plc (LON:SHI)

Shares of SIG plc (LON:SHI) traded up 1.35% on Monday, reaching GBX 112.70. 5,927,015 shares of the company traded hands. The firm has a 50-day moving average price of GBX 109.62 and a 200 day moving average price of GBX 106.86. The company’s market capitalization is GBX 666.49 million. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 148.70.

The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 8th will be paid a GBX 1.83 ($0.02) dividend. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 1.59%.

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About SIG plc

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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