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CLSA covered Signet Jewelers (NYSE:SIG), bumping up its stock price target to $87.00 today

Only yesterday Signet Jewelers (NYSE:SIG) traded 0.28% higher at $74.90. SIG’s 50-day average is $83.48 and its 200-day moving average is $95.86. The last closing price is down -21.87% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 1,322,931 shares of SIG changing hands under the typical 1,644,660

In a report released on 9/29/2016 CLSA bumped up the target of Signet Jewelers (NYSE:SIG) to $87.00 reporting a possible upside of 0.16%.

On 9/28/2016, Credit Agricole SA released a statement for Signet Jewelers (NYSE:SIG) upped the target price from $0.00 to $87.00. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Signet Jewelers (NYSE:SIG)

Signet Jewelers has 52 week low of $73.84 and a 52 week high of $152.27 with a P/E ratio of 11.41 and has a total market value of $0.

A total of 13 brokers have issued a ratings update on Signet Jewelers. 5 firms rating the company a strong buy, ten equity analysts rating the company a buy, two brokerages rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell with a consensus target price of $135.10.

General Information About Signet Jewelers (NYSE:SIG)

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company's segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones. The Company operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. It operates approximately 3,620 stores and kiosks across approximately five million square feet of retail space. The Sterling Jewelers division operates approximately 1,540 stores. Its stores operate nationally in malls and off-mall locations as Kay Jewelers, and regionally under various mall-based brands. Zale Jewelry consists of brands, including Zales Jewelers and Zales Outlet.

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