Short Term Rating on Signet Jewelers Limited (SIG)

Signet Jewelers Limited (SIG) : The consensus on Signet Jewelers Limited (SIG) based on 12 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Signet Jewelers Limited (SIG) : The consensus price target for Signet Jewelers Limited (SIG) is $138.33 for the short term with a standard deviation of $19.55. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $180, however, the pessimist price target for the company is $115.

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


Signet Jewelers Limited (NYSE:SIG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.37 and $88.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.07, notching a gain of 1.47% for the day. The total traded volume was 2,148,471 . The stock had closed at $87.78 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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