Analyst Price Target Update on Signet Jewelers Limited (NYSE:SIG)

Signet Jewelers Limited (NYSE:SIG): 8 analysts have set the short term price target of Signet Jewelers Limited (NYSE:SIG) at $140.63. The standard deviation of short term price target has been estimated at $19.57, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 180 and $115 respectively.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Nomura maintains its outlook on Signet Jewelers Limited (NYSE:SIG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $169 per share to $148 per share. The rating by the firm was issued on May 31, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Signet Jewelers Ltd, Light Mark, had purchased 2,897 shares in a transaction dated on June 7, 2016. The transaction was executed at $86.22 per share with total amount equaling $249,779.

Signet Jewelers Limited (NYSE:SIG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 3.62 points or 4.06% at $85.51 with 1,463,149 shares getting traded. Post opening the session at $89, the shares hit an intraday low of $85.32 and an intraday high of $89.1 and the price was in this range throughout the day. The company has a market cap of $6,670 million and the number of outstanding shares have been calculated to be 78,005,828 shares. The 52-week high of Signet Jewelers Limited (NYSE:SIG) is $152.27 and the 52-week low is $84.15.

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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