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Peel Hunt announced SIG PLC (LON:SHI), dropping its stock price target to 94.00GBX today

Just yesterday SIG PLC (LON:SHI) traded 0.60% higher at 0.00GBX. SIG PLC’s 50-day moving average is 105.97GBX and its 200-day moving average is 115.77GBX. The last stock price is down -19.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 2,057,581 shares of SHI traded hands, down from an average trading volume of 2,309,530

In a report released on Wednesday November 23, 2016 Peel Hunt reduced the stock price target of SIG PLC (LON:SHI) from 130.00GBX to 94.00GBX reporting a possible upside of 0%.

Previously on 3/09/2016, Peel Hunt released a statement about SIG PLC (LON:SHI) held steady the target price at 130.00GBX. At the time, this indicated a possible downside of -0.03%.

Recent Performance Chart


SIG PLC has 52 week low of 86.60GBX and a 52 week high of 149.80GBX with a PE ratio of 11.88 and has a market capitalization of 0 GBX.

In addition to Peel Hunt reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is 147.69GBX with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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