Signet Jewelers Ltd. (NYSE:SIG) has been downgraded to Hold in a statement by TheStreet today.
- Updated: September 23, 2016
Yesterday Signet Jewelers Ltd. (NYSE:SIG) traded 2.20% higher at $78.97. The company’s 50-day moving average is $84.16 and its 200-day moving average is $96.54. The last stock close price is down -18.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,438,322 shares of the stock were exchanged, down from an average trading volume of 1,716,410
TheStreet has downgraded Signet Jewelers Ltd. (NYSE:SIG) to Hold in a report released on 09/22/2016.
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Signet Jewelers Ltd. has a 52 week low of $74.89 and a 52 week high of $152.27 with a P/E ratio of 12.03 The company’s market cap is currently $0.
In addition to TheStreet reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $135.10 with 5 firms rating the stock a strong buy, 10 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Signet Jewelers Ltd. (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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