Impact of Brokerage Rating on Signet Jewelers Limited(SIG)

Many Signet Jewelers Limited(SIG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Signet Jewelers Ltd. was Reiterated by RBC Capital Mkts on Jan 12, 2017 to Outperform, Lowers Price Target to $ 92 from a previous price target of $100 .

Company has reported several Insider transactions to the SEC, on Jul 25, 2016, Thomas G Plaskett (director) purchased 300 shares at 88.88 per share price.On Jul 20, 2016, Sebastian Hobbs (Managing Director, UK) purchased 500 shares at 91.72 per share price.On Jul 20, 2016, Helen Mccluskey (director) purchased 1,000 shares at 89.91 per share price.

Signet Jewelers Ltd. Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.20. The company had revenue of $1186.20 million for the quarter, compared to analysts expectations of $1176.78 million. The companys revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Signet Jewelers Limited (NYSE:SIG) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.85 by 13 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Signet Jewelers Limited (NYSE:SIG): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $105.56 in Signet Jewelers Limited (NYSE:SIG). However, the stock price could fluctuate by $ 15.73 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $140 price target with the lower price estimate is calculated at $85

Signet Jewelers Limited (NYSE:SIG) rose 2.08% or 1.52 points on Tuesday and made its way into the gainers of the day. After trading began at $73 the stock was seen hitting $75.47 as a peak level and $73 as the lowest level. The stock ended up at $74.62. The daily volume was measured at 1,019,457 shares. The 52-week high of the share price is $125.45 and the 52-week low is $70.79. The company has a market cap of $5,192 million.

Signet Jewelers Ltd. is engaged in retailing of jewelry, watches and associated services. The company operates primarily in the United States, the United Kingdom, the Republic of Ireland and the Channel Islands. Signet Jewelers Ltd., formerly known as Signet Group PLC, is based in Hamilton, Bermuda.

Signet

Share this post

Leave a Reply