Today’s Rating Alert: Peel Hunt Reiterated SIG PLC (LON:SHI) As Hold; Has Target Of GBX 94.00

November 23, 2016 - By Ruchi Gupta

SIG PLC (LON:SHI) Rating

In a research note revealed to investors and clients on Wednesday morning, SIG PLC (LON:SHI) stock had its Hold Rating maintained by stock analysts at Peel Hunt. They currently have a GBX 94.00 target price on firm. Peel Hunt’s target would suggest a potential upside of 1.21% from the company’s close price.

SIG plc (LON:SHI) Ratings Coverage

Out of 16 analysts covering SIG PLC (LON:SHI), 3 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 19% are positive. GBX 250 is the highest target while GBX 94 is the lowest. The GBX 136.53 average target is 47.68% above today’s (GBX 92.45) stock price. SIG PLC has been the topic of 108 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 21 report. Davy Research maintained the stock with “Neutral” rating in Monday, November 16 report. The company was maintained on Monday, October 26 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Hold” on Thursday, March 17. The stock of SIG plc (LON:SHI) has “Buy” rating given on Friday, April 22 by Canaccord Genuity. The firm has “Hold” rating by Deutsche Bank given on Friday, August 28. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, January 18 report. The firm has “Hold” rating by Deutsche Bank given on Thursday, October 15. The firm has “Hold” rating by Goodbody given on Tuesday, August 9. Citigroup maintained the stock with “Buy” rating in Friday, August 7 report.

About 418,737 shares traded hands. SIG plc (LON:SHI) has declined 31.14% since April 25, 2016 and is downtrending. It has underperformed by 36.46% the S&P500.

SIG plc is a United Kingdom-based distributor of building products in Europe. The company has a market cap of 546.73 million GBP. The Firm is engaged in the supply of specialist products to construction and related markets. It has a 11.91 P/E ratio. It operates in two divisions: UK & Ireland and Mainland Europe.

According to Zacks Investment Research, “Shanghai Petrochemical Company Ltd. is a China’s largest petrochemical company. The Company processes crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products.”

SHI Company Profile

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical), incorporated on June 21, 1993, is a petrochemical company. The Firm and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Firm operates in five operating divisions: synthetic fibres, resins and plastics, intermediate petrochemicals, petroleum products and trading of petrochemical products. Synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products are produced through intermediate steps from the principal raw material of crude oil.

Another recent and important SIG plc (LON:SHI) news was published by Uk.Finance.Yahoo.com which published an article titled: “PEG Ratio (5 yr expected):” on March 30, 2014.

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