SIG PLC (LON: SHI) had its price target increased by Liberum Capital from GBX 120 ($1.78) to GBX 158 ($2.35) in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. The firm currently has a hold rating on the stock.
SHI has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of SIG PLC from a buy rating to a hold rating in a research note to investors on Wednesday. They now have a GBX 180 ($2.68) price target on the stock, down previously from GBX 190 ($2.83). Separately, analysts at Panmure Gordon raised their price target on shares of SIG PLC from GBX 175 ($2.60) to GBX 195 ($2.90) in a research note to investors on Tuesday. They now have a buy rating on the stock. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of SIG PLC in a research note to investors on Wednesday, July 3rd. They now have a GBX 190 ($2.83) price target on the stock.
One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 168.23 ($2.50).
SIG PLC (LON: SHI) traded up 3.12% on Wednesday, hitting GBX 175.10. SIG PLC has a 1-year low of GBX 87.75 and a 1-year high of GBX 179.90. The stock’s 50-day moving average is currently GBX 104.2. The company’s market cap is £1.035 billion.
SIG plc is engaged in the supply of specialist products to construction and related markets in the United Kingdom, Ireland and Mainland Europe.