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Wells Fargo Reaffirms Their Hold Rating on Signet Jewelers (SIG)

Tipranks - Tipranks - Thu Jan 15, 5:04AM CST

Wells Fargo analyst Ike Boruchow maintained a Hold rating on Signet Jewelers yesterday and set a price target of $115.00. The company’s shares closed yesterday at $88.41.

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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Tapestry, and Bath & Body Works. According to TipRanks, Boruchow has an average return of 5.1% and a 50.10% success rate on recommended stocks.

Signet Jewelers has an analyst consensus of Moderate Buy, with a price target consensus of $118.29.

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Based on Signet Jewelers’ latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $1.39 billion and a net profit of $20 million. In comparison, last year the company earned a revenue of $1.35 billion and had a net profit of $7 million

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