SIG (SHI) Price Target Cut to GBX 127

SIG (LON:SHI) had its target price decreased by analysts at UBS Group from GBX 148 ($1.93) to GBX 127 ($1.66) in a research note issued on Tuesday, www.digitallook.com reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 7.90% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on SHI. Liberum Capital reaffirmed a “buy” rating on shares of SIG in a report on Tuesday, June 26th. Peel Hunt reaffirmed a “buy” rating on shares of SIG in a report on Tuesday, June 26th. Shore Capital reaffirmed a “buy” rating on shares of SIG in a report on Friday, September 21st. Berenberg Bank dropped their price target 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. Finally, Deutsche Bank dropped their price target on SIG from GBX 174 ($2.27) to GBX 144 ($1.88) and set a “hold” rating for the company in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. SIG presently has an average rating of “Hold” and a consensus price target of GBX 151.92 ($1.99).

SHI stock opened at GBX 117.70 ($1.54) on Tuesday. SIG has a fifty-two week low of GBX 108.25 ($1.41) and a fifty-two week high of GBX 184.90 ($2.42).

In other news, insider Andrew Allner acquired 12,014 shares of the firm’s stock in a transaction on Tuesday, September 25th. The shares were purchased at an average cost of GBX 125 ($1.63) per share, for a total transaction of £15,017.50 ($19,623.02). Insiders acquired a total of 12,250 shares of company stock worth $1,531,720 over the last quarter.

About SIG

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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