Reaffirmed: SIG PLC (LON:SHI) “Buy” Rating Restated by equity analysts Jefferies International; GBX 180.00 Target in Place

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SIG PLC (LON:SHI) Rating Reaffirmed

In recent note revealed to clients and investors this morning, Jefferies International reiterated their “Buy” rating on SIG PLC (LON:SHI) shares. The target price per share gives a possible upside of 31.10% from firm’s stock close price.

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 24.93% above today’s (GBX 137.3) stock price. SIG PLC was the topic of 48 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 14 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 130 target share price in a report from a November 17. Canaccord Genuity initiated SHI stock in a recent report from December 9 with “Buy” rating. Citigroup downgraded the rating on November 17. Citigroup has a “Neutral” rating and a GBX 135 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 18.

Approximately 142,322 shares of stock traded hands. SIG plc (LON:SHI) has declined 33.15% since May 15, 2015 and is downtrending. It has underperformed by 28.74% the S&P500.

Reaffirmed: SIG PLC (LON:SHI)

SIG Plc is a United Kingdom-based distributor of specialist building products in Europe. The company has a market cap of 811.80 million GBP. The Firm is engaged in is the supply of specialist products to construction and related markets. It has 24.6 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.”

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