RE: volcano30 Oct 2015 16:51
SIG plc’s “Hold” Rating Reiterated at Goodbody Stockbrokers Ltd (SHI)
October 30th, 2015 - 0 comments - Filed Under - by Jennifer Langley
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SIG plc logoSIG plc (LON:SHI)‘s stock had its “hold” rating restated by analysts at Goodbody Stockbrokers Ltd in a note issued to investors on Friday, Analyst Ratings Net reports.
Shares of SIG plc (LON:SHI) opened at 131.1000 on Friday. The stock’s 50 day moving average is GBX 170.13 and its 200 day moving average is GBX 191.56. SIG plc has a 52 week low of GBX 126.57 and a 52 week high of GBX 212.20. The firm’s market cap is GBX 775.00 million.
The company also recently announced a dividend, which will be paid on Friday, November 6th. Investors of record on Thursday, October 8th will be issued a dividend of GBX 1.69 ($0.03) per share. The ex-dividend date is Thursday, October 8th. This represents a yield of 0.85%.
In other SIG plc news, insider Robertson,Douglas bought 10,000 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was purchased at an average cost of GBX 135 ($2.07) per share, with a total value of £13,500 ($20,676.98).
A number of other analysts have also weighed in on the stock. Panmure Gordon dropped their target price on shares of SIG plc from GBX 226 ($3.46) to GBX 195 ($2.99) and set a “buy” rating on the stock in a report on Thursday, October 22nd. Deutsche Bank restated a “hold” rating on shares of SIG plc in a report on Thursday, August 27th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 200 ($3.06) price objective on shares of SIG plc in a research note on Wednesday, August 12th. Liberum Capital raised shares of SIG plc to a “buy” rating and boosted their target price for the stock from GBX 210 ($3.22) to GBX 220 ($3.37) in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of SIG plc from GBX 165 ($2.53) to GBX 185 ($2.83) and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. SIG plc currently has an average rating of “Hold” and an average target price of GBX 207.71 ($3.18).
SIG Plc is a United Kingdom-based distributor of specialist building products in Europe. The Company is engaged in is the supply of specialist products to building and related markets. The Company product and service offering’s three core markets contain energy and insulating material direction, interior fit out and roofing products. The Organization operates in two sections: Ireland & UK and Mainland Europe. The Company trades under various names, including SIG Fixings, SIG Technical Insulation, SIG Interiors, SIG Building Accessories and SIG Insulating Material. It supplies insulation
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