Shares of SIG plc (LON:SHI) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 143.67 ($1.93).

Several brokerages have issued reports on SHI. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 155 ($2.08) price target on shares of SIG plc in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued an “underweight” rating on shares of SIG plc in a report on Thursday, July 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 175 ($2.35) price target on shares of SIG plc in a research note on Tuesday, August 8th. Jefferies Group LLC boosted their price target on SIG plc from GBX 110 ($1.48) to GBX 150 ($2.02) and gave the company a “hold” rating in a research note on Monday, June 26th. Finally, Liberum Capital boosted their price target on SIG plc from GBX 95 ($1.28) to GBX 157 ($2.11) and gave the company a “sell” rating in a research note on Friday, August 18th.

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In related news, insider Richard Monro sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of GBX 176 ($2.37), for a total transaction of £17,600 ($23,668.64). Insiders have purchased a total of 266 shares of company stock worth $44,876 in the last three months.

Shares of SIG plc (LON SHI) traded up 0.11% during mid-day trading on Wednesday, hitting GBX 177.90. 1,336,202 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 175.22 and a 200 day moving average price of GBX 143.98. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 184.90. The company’s market capitalization is GBX 1.05 billion.

The business also recently disclosed a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be issued a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.7%.

SIG plc 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.

Analyst Recommendations for SIG plc (LON:SHI)

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