Rating Worth Mentioning: JP Morgan Cazenove Keeps GBX 96.00 PT On SIG PLC (LON:SHI), Keeps “Neutral” Rating

November 30, 2016 - By Hazel Jackson

SIG PLC (LON:SHI) Rating

Equities researchers at JP Morgan Cazenove have GBX 96.00 target price on SIG PLC (LON:SHI). JP Morgan Cazenove’s target price means a potential upside of 5.55% from the company’s close price. The rating was revealed in an analyst note on 30 November.

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 134.93 average target is 49.01% above today’s (GBX 90.55) stock price. SIG PLC has been the topic of 109 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of SIG plc (LON:SHI) earned “Hold” rating by Deutsche Bank on Wednesday, November 18. The stock of SIG plc (LON:SHI) earned “Buy” rating by Canaccord Genuity on Friday, September 30. The stock of SIG plc (LON:SHI) has “Hold” rating given on Monday, October 17 by Deutsche Bank. The stock of SIG plc (LON:SHI) has “Hold” rating given on Thursday, May 12 by Liberum Capital. The stock has “Buy” rating given by Jefferies on Friday, August 5. The stock of SIG plc (LON:SHI) earned “Neutral” rating by JP Morgan on Friday, August 14. The stock of SIG plc (LON:SHI) has “Buy” rating given on Tuesday, September 29 by Goodbody. The stock of SIG plc (LON:SHI) has “Neutral” rating given on Monday, November 16 by UBS. The rating was maintained by Stifel Nicolaus on Monday, January 18 with “Buy”. The rating was maintained by Panmure Gordon on Monday, November 16 with “Buy”.

About 1.25 million shares traded hands. SIG plc (LON:SHI) has declined 32.66% since May 2, 2016 and is downtrending. It has underperformed by 37.88% the S&P500.

Analysts await Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) to report earnings on March, 15.

SIG plc is a United Kingdom-based distributor of building products in Europe. The company has a market cap of 535.50 million GBP. The Firm is engaged in the supply of specialist products to construction and related markets. It has a 11.66 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.

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