Analyst Rating Update on Signet Jewelers Limited (SIG)

Signet Jewelers Limited (NYSE:SIG) : 9 brokerage houses believe that Signet Jewelers Limited (NYSE:SIG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Signet Jewelers Limited (NYSE:SIG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.27.

Signet Jewelers Limited (NYSE:SIG) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $180 and the lowest price target forecast is $115. The average forecast of all the analysts is $140.63 and the expected standard deviation is $19.57.

For the current week, the company shares have a recommendation consensus of Buy. Also, Nomura maintains its rating on Signet Jewelers Limited (NYSE:SIG). The global brokerage major lowers the current price target from $169 per share to $148 per share. Analysts at the Nomura have a current rating of Buy on the shares. The rating by the firm was issued on May 31, 2016.

Signet Jewelers Limited (NYSE:SIG): stock turned positive on Tuesday. Though the stock opened at $81.01, the bulls momentum made the stock top out at $82.91 level for the day. The stock recorded a low of $79.92 and closed the trading day at $80.72, in the green by 1.84%. The total traded volume for the day was 1,423,033. The stock had closed at $79.26 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Chief Strategy Officer) of Signet Jewelers Ltd, Werner Uta had purchased shares worth of $33,784 in a transaction dated on June 21, 2016. A total of 400 shares were purchased at a price of $84.46 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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