SIG (LON:SHI) had its price target hoisted by equities research analysts at J P Morgan Chase & Co from GBX 96 ($1.29) to GBX 135 ($1.82) in a note issued to investors on Thursday. The brokerage presently has an “underweight” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential downside of 19.69% from the company’s current price.

Other equities analysts have also issued research reports about the company. Peel Hunt raised their price objective on SIG from GBX 185 ($2.49) to GBX 194 ($2.61) and gave the company a “buy” rating in a research report on Wednesday, December 6th. Jefferies Group raised SIG to a “buy” rating and raised their price objective for the company from GBX 150 ($2.02) to GBX 200 ($2.69) in a research report on Tuesday, November 28th. Shore Capital reissued a “buy” rating on shares of SIG in a research report on Tuesday, November 21st. Deutsche Bank raised their price objective on SIG from GBX 155 ($2.09) to GBX 163 ($2.19) and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, Numis Securities lowered SIG to a “reduce” rating and set a GBX 150 ($2.02) price objective for the company. in a research report on Friday, August 18th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 150.91 ($2.03).

SIG (LON SHI) opened at GBX 168.10 ($2.26) on Thursday. SIG has a 52-week low of GBX 92.20 ($1.24) and a 52-week high of GBX 184.90 ($2.49).

In other SIG news, insider Andrew Allner bought 6,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was acquired at an average price of GBX 168 ($2.26) per share, with a total value of £10,080 ($13,566.62). Also, insider Meinie Oldersma bought 39,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 168 ($2.26) per share, with a total value of £65,520 ($88,183.04). In the last ninety days, insiders bought 45,182 shares of company stock valued at $7,590,014.

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About SIG

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 (LON:SHI)

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