SIG plc -5.5% potential downside indicated by Jefferies

SIG plc with ticker (LON:SHI) now has a potential downside of -5.5% according to Jefferies.

SHI.L

Jefferies set a target price of 24 GBX for the company, which when compared to the SIG plc share price of 26 GBX at opening today (01/07/2024) indicates a potential downside of -5.5%. Trading has ranged between 21 (52 week low) and 39 (52 week high) with an average of 1,039,480 shares exchanging hands daily. The market capitalisation at the time of writing is £296,575,500.

SIG plc is a United Kingdom-based company, which supplies specialist insulation and sustainable building products and solutions. The Company operates through three segments: UK Interiors, UK Exteriors, UK Specialist Markets, France Interiors, France Exteriors, Germany, Benelux, Ireland and Poland. The Company’s insulation and interiors products include structural and technical insulation; construction accessories and fixings; cladding and facade systems; dry lining; ceiling tiles and grids; partition walls and door sets, and floor coverings. The roofing and exterior products include tiles, slates, membranes; batten for pitched roofs; single-ply flat roof systems; industrial roofing; cladding systems; room-in-roof panel systems, and photovoltaic (PV) panels. Its brands include SIG UK Interiors, SIG UK Exteriors, LiTT, Lariviere, Prefix and others. It holds positions in interiors and exterior construction products and is accelerating its presence in more specialist product markets.