SIG (LON:SHI) had its target price reduced by Canaccord Genuity from GBX 138 ($1.80) to GBX 133 ($1.74) in a research note issued to investors on Monday morning, Digital Look reports. Canaccord Genuity currently has a hold rating on the stock.
Several other equities analysts also recently weighed in on SHI. Shore Capital reiterated a buy rating on shares of SIG in a research note on Friday, September 6th. Jefferies Financial Group reduced their target price on shares of SIG from GBX 148 ($1.93) to GBX 145 ($1.89) and set a hold rating for the company in a research note on Tuesday, June 25th. Berenberg Bank reduced their target price on shares of SIG from GBX 140 ($1.83) to GBX 135 ($1.76) and set a hold rating for the company in a research note on Tuesday, July 9th. Bank of America reiterated a buy rating on shares of SIG in a research note on Tuesday, July 16th. Finally, UBS Group reiterated a sell rating and issued a GBX 100 ($1.31) target price on shares of SIG in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 140 ($1.83).
SHI opened at GBX 125.80 ($1.64) on Monday. The company has a market capitalization of $743.00 million and a price-to-earnings ratio of 41.93. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 59.65. The firm has a 50-day moving average price of GBX 123.90 and a 200-day moving average price of GBX 133.27. SIG has a twelve month low of GBX 101.30 ($1.32) and a twelve month high of GBX 153.90 ($2.01).
The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.03%. SIG’s dividend payout ratio is currently 1.33%.
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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