A statement released earlier today by Deutsche Bank about SIG PLC (LON:SHI) bumps the target price to 116.00GBX
- Updated: October 12, 2016
Yesterday SIG PLC (LON:SHI) traded 0.00% even at 111.15GBX. The company’s 50-day moving average is 120.36GBX and its 200-day moving average is 123.00GBX. The last closing price is down -8.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 194,464 shares of the stock traded hands, down from an average trading volume of 1,792,900
Indicating a possible upside of 0.04%, Deutsche Bank raised the target price of SIG PLC (LON:SHI) to 116.00GBX
Previously on Tuesday October 11, 2016, Liberum Capital reported on SIG PLC (LON:SHI) held steady the target price at 110.00GBX. At the time, this indicated a possible downside of -0.02%.
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SIG PLC has a price-earnings ratio of 14.42 with a one year low of 98.30GBX and a one year high of 178.90GBX SHI’s total market value is presently 0 GBX.
A total of 13 equity analysts have released a ratings update on SHI. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, eight equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 147.69GBX.
Brief Synopsis About SIG PLC (LON:SHI)
SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors. It supplies insulation products in Europe, which include structural insulation, technical insulation, construction accessories, fixings and dry lining. It supplies roofing products in the United Kingdom, which include tiles, slates, membranes and battens for pitched roofs; single-ply flat roofing systems; plastic building products, including fascias, soffits and guttering, and room-in-roof panel systems. It supplies interior fit out products in Europe, which include dry lining, doorsets, floor coverings and washrooms. Its subsidiaries include SIG Finance Limited, SIG Dormant Number 4 Limited and SIG Fixings Limited.
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