Do Analysts Expect Signet Jewelers Ltd (SIG) Stock to Rise After It Has Gained 16.38% in a Month?

InvestorsObserver is giving Signet Jewelers Ltd (SIG) an Analyst Rating Rank of 18, meaning SIG is ranked higher by analysts than 18% of stocks. The average price target for SIG is $89.166 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating SIG a Buy today. Find out what this means to you and get the rest of the rankings on SIG!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Signet Jewelers Ltd Stock Today?

Signet Jewelers Ltd (SIG) stock is trading at $81.27 as of 12:31 PM on Thursday, Nov 30, a loss of -$0.39, or -0.48% from the previous closing price of $81.66. The stock has traded between $79.86 and $82.16 so far today. Volume today is below average. So far 197,375 shares have traded compared to average volume of 571,493 shares. Click Here to get the full Stock Report for Signet Jewelers Ltd stock.