Shares of SIG plc (LON:SHI) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 143.75 ($1.88).
Several equities analysts recently issued reports on SHI shares. Liberum Capital upped their target price on SIG from GBX 157 ($2.05) to GBX 172 ($2.25) and gave the company a “buy” rating in a research report on Friday, March 15th. Shore Capital reissued a “buy” rating on shares of SIG in a research report on Wednesday, May 8th. Peel Hunt reissued a “buy” rating and issued a GBX 165 ($2.16) target price on shares of SIG in a research report on Monday, May 6th. Berenberg Bank lowered their price target on shares of SIG from GBX 140 ($1.83) to GBX 130 ($1.70) and set a “hold” rating on the stock in a report on Monday, January 28th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 140 ($1.83) price target on shares of SIG in a report on Wednesday, May 8th.
LON SHI opened at GBX 133.30 ($1.74) on Monday. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.97 and a current ratio of 1.52. SIG has a 1 year low of GBX 101.30 ($1.32) and a 1 year high of GBX 153.90 ($2.01). The firm has a market capitalization of $788.55 million and a P/E ratio of 44.43.
The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be issued a GBX 2.50 ($0.03) dividend. This represents a yield of 1.89%. This is a positive change from SIG’s previous dividend of $1.25. The ex-dividend date is Thursday, June 6th. SIG’s dividend payout ratio is presently 1.33%.
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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