SIG (LON:SHI) Given New GBX 135 Price Target at Berenberg Bank
SIG (LON:SHI) had its price target cut by Berenberg Bank from GBX 140 ($1.83) to GBX 135 ($1.76) in a report released on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.
Other equities research analysts have also issued reports about the company. Peel Hunt restated a hold rating and issued a GBX 935 ($12.22) price target (up from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday. Canaccord Genuity set a $394.00 price target on Tesla and gave the company a buy rating in a research report on Wednesday, July 3rd. Liberum Capital restated a buy rating on shares of SIG in a research report on Friday, July 5th. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research report on Tuesday, June 25th. Finally, Shore Capital restated a not rated rating on shares of SolGold in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 141.13 ($1.84).
LON:SHI opened at GBX 126.26 ($1.65) on Tuesday. SIG has a 12 month low of GBX 101.30 ($1.32) and a 12 month high of GBX 153.90 ($2.01). The business’s 50 day moving average price is GBX 131.40. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 59.65. The stock has a market cap of $747.14 million and a price-to-earnings ratio of 42.09.
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: Certificate of Deposit (CD)
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