November 30, 2016 - By Michael Collier
London: In analysts report revealed to clients on Wednesday, 30 November, JP Morgan Cazenove maintained their “Neutral” rating on shares of Sig (LON:SHI). They currently have a GBX 96.00 price target on the firm. JP Morgan Cazenove’s target gives a potential upside of 5.38% from the company’s last close price.
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 48.77% above today’s (GBX 90.7) stock price. SIG PLC has been the topic of 109 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, January 11, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating by Liberum Capital given on Thursday, November 26. The stock of SIG plc (LON:SHI) earned “Hold” rating by Deutsche Bank on Friday, May 13. The rating was maintained by Canaccord Genuity with “Buy” on Friday, April 22. Canaccord Genuity maintained SIG plc (LON:SHI) on Thursday, August 18 with “Buy” rating. The company was maintained on Monday, November 14 by Deutsche Bank. Jefferies maintained the stock with “Buy” rating in Thursday, October 22 report. The firm has “Neutral” rating by JP Morgan given on Thursday, March 10. The firm has “Hold” rating given on Wednesday, August 26 by Deutsche Bank. The stock has “Buy” rating given by Panmure Gordon on Tuesday, August 9.
About 2.36 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 536.38 million GBP. The Firm is engaged in the supply of specialist products to construction and related markets. It has a 11.68 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.”
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.