Stock To Watch: Signet Jewelers Limited (NYSE:SIG)


The leading market experts have placed a mean price target of $129.02 on Signet Jewelers Limited (NYSE:SIG) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.50 a share for the upcoming quarter and $8.22 for the current fiscal.

Technical View

The technical analysis of Signet Jewelers Limited Common plainly substantiates that the 50-day moving average of Signet Jewelers Limited Common is $88.58, and stock is trading $6.59 points away or +7.44% from its 50-day moving average of $88.58. Further it is trading $-4.99 or -4.98% away its 200-day moving average of $100.16. Signet Jewelers Limited (NYSE:SIG) 52-week high is $152.27 and the 52-week low is $77.00.

This explains if the stock moves $-57.10, it will post a 52-week high. In event of +23.60% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Signet Jewelers Limited Common , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Signet Jewelers Limited (NYSE:SIG) ratio came in at 15.21.

The stock last ended the trading session at $95.17 and registered a market cap of $7.42B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Signet Jewelers Limited (NYSE:SIG) PEG ratio is at 0.68.

1 Chart Pattern Every Investor Should Know

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