SIG Group (OTCMKTS:SIGCY) Trading Up 0.7% – Still a Buy?

Shares of SIG Group AG (OTCMKTS:SIGCYGet Free Report) were up 0.7% during trading on Thursday . The company traded as high as C$16.62 and last traded at C$16.57. Approximately 1,693 shares traded hands during trading, an increase of 104% from the average daily volume of 829 shares. The stock had previously closed at C$16.46.

Analyst Ratings Changes

A number of research analysts have weighed in on SIGCY shares. UBS Group raised shares of SIG Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group raised shares of SIG Group to a “strong-buy” rating in a research report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on SIG Group

SIG Group Stock Performance

The stock’s fifty day simple moving average is C$15.71 and its 200-day simple moving average is C$15.33.

About SIG Group

(Get Free Report)

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and liquid food products. The company provides aseptic carton filling lines, aseptic carton sleeves and closures, bag-in-box, and spouted pouch, as well as spare parts, maintenance, digital, add-on, training, and other services. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022.

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