SIG plc (SHI) Given Consensus Rating of “Hold” by Brokerages

SIG plc (LON:SHI) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 152.43 ($1.99).

SHI has been the topic of a number of research reports. Liberum Capital reissued a “buy” rating on shares of SIG in a research note on Tuesday, August 14th. Peel Hunt cut their target price on shares of SIG from GBX 185 ($2.42) to GBX 180 ($2.35) and set a “buy” rating on the stock in a research note on Friday, September 21st. Shore Capital reissued a “buy” rating on shares of SIG in a research note on Wednesday, October 10th. Canaccord Genuity reissued a “hold” rating and issued a GBX 155 ($2.03) target price on shares of SIG in a research note on Monday, September 3rd. Finally, Deutsche Bank reissued a “hold” rating on shares of SIG in a research note on Friday, August 17th.

In other news, insider Nick Maddock purchased 62,938 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average price 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 company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were purchased at an average cost of GBX 125 ($1.63) per share, for a total transaction of £15,017.50 ($19,623.02). Insiders have purchased a total of 75,071 shares of company stock worth $8,188,172 in the last ninety days.

Shares of SHI stock traded up GBX 1.40 ($0.02) during mid-day trading on Monday, reaching GBX 113.50 ($1.48). The company’s stock had a trading volume of 623,300 shares, compared to its average volume of 2,830,000. SIG has a 12-month low of GBX 108.25 ($1.41) and a 12-month high of GBX 184.90 ($2.42).

The company 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 yield of 1.02%. The ex-dividend date was Thursday, October 4th.

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.

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Analyst Recommendations for SIG (LON:SHI)

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