SIG’s (SHI) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of SIG (LON:SHI) in a research report released on Tuesday morning.

Several other equities research analysts have also issued reports on SHI. Liberum Capital reaffirmed a buy rating on shares of SIG in a research note on Tuesday, August 14th. Deutsche Bank reaffirmed a hold rating on shares of SIG in a research note on Friday, August 17th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 155 ($2.03) price objective on shares of SIG in a research note on Monday, September 3rd. Peel Hunt lowered 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 research note on Friday, September 21st. Finally, Berenberg Bank lowered 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 research note on Thursday, September 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. SIG has a consensus rating of Hold and an average target price of GBX 151.92 ($1.99).

LON:SHI opened at GBX 112.60 ($1.47) on Tuesday. SIG has a 1 year low of GBX 108.25 ($1.41) and a 1 year high of GBX 184.90 ($2.42).

The firm also recently declared a dividend, which was paid on Friday, November 9th. Investors of record on Thursday, October 4th were paid a dividend of GBX 1.25 ($0.02) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, October 4th.

In other SIG news, insider Nick Maddock purchased 62,938 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of GBX 106 ($1.39) per share, with a total value of £66,714.28 ($87,174.02). Also, insider Andrew Allner purchased 12,014 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were acquired at an average cost of GBX 125 ($1.63) per share, with a total value of £15,017.50 ($19,623.02). Insiders have purchased a total of 75,071 shares of company stock valued at $8,188,172 over the last three months.

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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