SIG’s (SHI) “Hold” Rating Reiterated at Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of SIG (LON:SHI) in a report released on Tuesday. The firm currently has a GBX 126 ($1.65) price objective on the stock.

A number of other research firms also recently weighed in on SHI. Berenberg Bank decreased their price objective on SIG from GBX 150 ($1.96) to GBX 140 ($1.83) and set a hold rating for the company in a report on Thursday, September 27th. Shore Capital restated a buy rating on shares of SIG in a report on Friday, September 21st. Liberum Capital restated a buy rating on shares of SIG in a report on Friday, September 21st. Peel Hunt decreased their price objective on SIG from GBX 185 ($2.42) to GBX 180 ($2.35) and set a buy rating for the company in a report on Friday, September 21st. Finally, UBS Group decreased their price objective on SIG from GBX 148 ($1.93) to GBX 127 ($1.66) and set a neutral rating for the company in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. SIG has a consensus rating of Hold and an average price target of GBX 141.40 ($1.85).

LON SHI opened at GBX 117.40 ($1.53) on Tuesday. SIG has a twelve month low of GBX 108.25 ($1.41) and a twelve month high of GBX 184.90 ($2.42).

In other news, insider Nick Maddock purchased 62,938 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of GBX 106 ($1.39) per share, with a total value of £66,714.28 ($87,174.02). Also, insider Meinie Oldersma purchased 332,388 shares of the business’s stock in a transaction on Tuesday, December 11th. The shares were purchased at an average cost of GBX 105 ($1.37) per share, for a total transaction of £349,007.40 ($456,039.98).

SIG Company Profile

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.

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Analyst Recommendations for SIG (LON:SHI)

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