Analyst Rating Update on Signet Jewelers Limited (SIG)

Signet Jewelers Limited (SIG) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 12 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Signet Jewelers Limited (SIG) : The highest level Signet Jewelers Limited (SIG) is projected to reach is $180 for the short term and the lowest estimate is at $113. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $138.11 and the possibility the share price can swing is $19.86.

For the current week, the company shares have a recommendation consensus of Buy.


Signet Jewelers Limited (NYSE:SIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.93 and $81.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $84.39, notching a gain of 0.96% for the day. The total traded volume was 1,001,378 . The stock had closed at $83.59 on the previous day.

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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