Signet Jewelers Limited – Consensus Indicates Potential 22.2% Upside

Broker Ratings
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Signet Jewelers Limited with ticker code (SIG) have now 6 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 100 and 75 calculating the average target price we see $90.50. Given that the stocks previous close was at $74.04 and the analysts are correct then there would likely be a percentage uptick in value of 22.2%. There is a 50 day moving average of $74.59 while the 200 day moving average is $65.12. The market capitalization for the company is $3,299m. Visit the company website at: https://www.signetjewelers.com

The potential market cap would be $4,033m based on the market consensus.

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile. This segment also engages in jewelry subscription business. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. Signet Jewelers Limited is based in Hamilton, Bermuda.

The company has a dividend yield of 1.25% with the ex dividend date set at 27-4-2023 (DMY).

Other points of data to note are a P/E ratio of 11.11, revenue per share of 168.29 and a 6.86% return on assets.

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