SIG Crosses Above Average Analyst Target
December 02, 2019 at 08:50 AM EST
In recent trading, shares of Signet Jewelers Ltd (SIG) have crossed above the average analyst 12-month target price of $17.83, changing hands for $18.37/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..