Signet Jewelers Limited Receives a Hold from Citigroup

By Ryan Adsit

In a report released today, Paul Lejuez from Citigroup maintained a Hold rating on Signet Jewelers Limited (NYSE: SIG), with a price target of $60. The company’s shares closed on Friday at $62.68.

According to TipRanks.com, Lejuez is a 4-star analyst with an average return of 13.1% and a 60.2% success rate. Lejuez covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.

Currently, the analyst consensus on Signet Jewelers Limited is Moderate Buy and the average price target is $68.33, representing a 9.0% upside.

In a report issued on August 24, Cowen & Co. also reiterated a Hold rating on the stock with a $61 price target.

The company has a one year high of $101.46 and a one year low of $46.09. Currently, Signet Jewelers Limited has an average volume of 2.06M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SIG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following divisions: Sterling Jewelers, Zale and UK Jewelry. The Sterling Jewelers division stores operate in malls and off-mall locations, such as Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry and Jared Vault.