Signet Jewelers Limited (SIG) Receives Price Target

Signet Jewelers Limited (SIG) stock is expected to deviate a maximum of $19.76 from the average target price of $114.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $148 and the most muted being $90.

Signet Jewelers Limited (SIG) : 8 brokerage houses believe that Signet Jewelers Limited (SIG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Signet Jewelers Limited (SIG). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


Also, Citigroup downgrades its view on Signet Jewelers Limited (NYSE:SIG) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup lowers the price target from $125 per share to $83 per share on Signet Jewelers Limited. The rating by the firm was issued on August 26, 2016.

Signet Jewelers Limited (NYSE:SIG): The stock opened at $81.35 on Thursday but the bulls could not build on the opening and the stock topped out at $82.23 for the day. The stock traded down to $78.86 during the day, due to lack of any buying support eventually closed down at $80.63 with a loss of -1.65% for the day. The stock had closed at $81.98 on the previous day. The total traded volume was 1,620,013 shares.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.

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