Stocks: SIG plc (SHI) gets Hold status at the Canaccord Genuity

Stocks: SIG plc (SHI) gets Hold status at the Canaccord Genuity

SIG plc (LON:SHI) was downgraded by equities research analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a GBX 99 ($1.23) price target on the stock, down from their prior price target of GBX 130 ($1.61). Canaccord Genuity’s price target would suggest a potential upside of 9.39% from the company’s previous close.

Several other research firms have also commented on SHI. Goodbody reiterated a “hold” rating on shares of SIG plc in a research note on Friday, September 9th. Deutsche Bank AG reiterated a “hold” rating on shares of SIG plc in a research note on Wednesday, September 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 120 ($1.49) price target on shares of SIG plc in a research report on Friday. Jefferies Group lowered SIG plc to a “hold” rating and dropped their price target for the company from GBX 140 ($1.73) to GBX 115 ($1.42) in a research report on Friday. Finally, Peel Hunt restated a “hold” rating on shares of SIG plc in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 129.08 ($1.60).

Shares of SIG plc (LON:SHI) opened at 90.75 on Monday. The company’s market capitalization is GBX 536.65 million. The firm’s 50-day moving average price is GBX 113.45 and its 200-day moving average price is GBX 118.71. SIG plc has a 12 month low of GBX 88.20 and a 12 month high of GBX 149.80.

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