SIG’s (SHI) Hold Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reaffirmed their hold rating on shares of SIG (LON:SHI) in a research report report published on Wednesday, May 8th, Digital Look reports. The brokerage currently has a GBX 140 ($1.83) price target on the stock.

Several other research analysts have also recently commented on the company. Liberum Capital boosted their price target on SIG from GBX 157 ($2.05) to GBX 172 ($2.25) and gave the stock a buy rating in a research note on Friday, March 15th. Peel Hunt restated a buy rating on shares of SIG in a research note on Tuesday, January 8th. Shore Capital restated a buy rating on shares of SIG in a research note on Tuesday, January 8th. Finally, Berenberg Bank cut their price objective on SIG from GBX 140 ($1.83) to GBX 130 ($1.70) and set a hold rating on the stock in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. SIG has a consensus rating of Hold and an average price target of GBX 141.57 ($1.85).

Shares of LON SHI opened at GBX 129.60 ($1.69) on Wednesday. SIG has a 1-year low of GBX 101.30 ($1.32) and a 1-year high of GBX 153.90 ($2.01). The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 59.65. The stock has a market capitalization of $766.66 million and a PE ratio of 43.20.

The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.89%. This is a boost from SIG’s previous dividend of $1.25. The ex-dividend date of this dividend is Thursday, June 6th. SIG’s dividend payout ratio is presently 1.33%.

SIG Company Profile

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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