Peel Hunt Reaffirms “Buy” Rating for SIG (LON:SHI)

Peel Hunt reissued their buy rating on shares of SIG (LON:SHI) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued reports about the company. Berenberg Bank reaffirmed a buy rating and set a GBX 3,620 ($47.30) price target on shares of Bellway in a report on Wednesday, April 3rd. Jefferies Financial Group raised SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Shore Capital reissued a not rated rating on shares of SolGold in a report on Wednesday, May 8th. UBS Group set a $170.00 target price on United Rentals and gave the company a buy rating in a report on Friday, June 28th. Finally, Liberum Capital reissued a buy rating on shares of SIG in a report on Friday, July 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. SIG presently has an average rating of Hold and a consensus target price of GBX 141.13 ($1.84).

Shares of LON:SHI opened at GBX 126.26 ($1.65) on Tuesday. The company has a market capitalization of $747.14 million and a P/E ratio of 42.09. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.97 and a current ratio of 1.52. SIG has a 1 year low of GBX 101.30 ($1.32) and a 1 year high of GBX 153.90 ($2.01). The firm’s fifty day simple moving average is GBX 131.40.

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.

Recommended Story: What are the advantages to having securities held in street name?

Analyst Recommendations for SIG (LON:SHI)

Receive News & Ratings for SIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG and related companies with MarketBeat.com's FREE daily email newsletter.