Signet Jewelers Limited (NYSE:SIG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.27 by 11 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Nomura maintains its rating on Signet Jewelers Limited (NYSE:SIG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura lowers the new price target from $169 per share to $148 per share. The rating by the firm was issued on May 31, 2016.
Signet Jewelers Limited (NYSE:SIG) shares are expected to touch $140.63 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 19.57. The target price could hit $180 on the higher end and $115 on the lower end.
Signet Jewelers Limited (NYSE:SIG) witnessed a decline in the market cap on Tuesday as its shares dropped 0.91% or 0.78 points. After the session commenced at $86.09, the stock reached the higher end at $86.88 while it hit a low of $84.22. With the volume soaring to 1,736,542 shares, the last trade was called at $85.23. The company has a 52-week high of $152.27. The company has a market cap of $6,648 million and there are 78,005,828 shares in outstanding. The 52-week low of the share price is $81.32.
Shares of Signet Jewelers Limited appreciated by 1.62% during the last five trading days but lost 20.49% on a 4-week basis. Signet Jewelers Limited has dropped 27.78% during the last 3-month period . Year-to-Date the stock performance stands at -30.8%.
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.