SIG (LON:SHI) Rating Reaffirmed
They currently have a GBX 169 target price per share on SIG (LON:SHI). The target price by Stifel would suggest a potential upside of 23.90% from the company’s previous stock close. This has been unveiled in an interesting research report on 11 December.
From a total of 12 analysts covering SIG PLC (LON:SHI) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is GBX 250 while the lowest target price is GBX 130. The mean of all analyst targets is GBX 161.08 with a 29.37% above today’s (GBX 136.2) stock price. SIG PLC was the topic of 46 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity initiated shares on December 9 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 130 target share price in a report from a November 17. Stifel Nicolaus maintained SHI stock in a recent report from November 18 with “Buy” rating. Citigroup downgraded the rating on November 17. Citigroup has a “Neutral” rating and a GBX 135 price target on shares. Finally, J.P. Morgan maintained the stock with “Neutral” rating in a report issued on a November 17.
Approximately 321,498 shares of stock traded hands. SIG plc (LON:SHI) has declined 34.24% since May 14, 2015 and is downtrending. It has underperformed by 31.22% the S&P500.
SIG Plc is a United Kingdom-based distributor of specialist building products in Europe. The company has a market cap of 816.63 million GBP. The Firm is engaged in is the supply of specialist products to construction and related markets. It has 24.4 P/E ratio. The Firm product and service offering’s three core markets include insulation and energy management, interior fit out and roofing products.
According to Zacks Investment Research, “Shanghai Petrochemical Company Ltd. is a China’s largest petrochemical company. The Company processes crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.” Get a free copy of the Zacks research report on SIG plc (SHI).