UBS Remains a Buy on Signet Jewelers (SIG)
In a report released today, Mauricio Serna from UBS reiterated a Buy rating on Signet Jewelers, with a price target of $126.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Serna covers the Consumer Cyclical sector, focusing on stocks such as Abercrombie Fitch, Wolverine World Wide, and Signet Jewelers. According to TipRanks, Serna has an average return of 2.5% and a 42.34% success rate on recommended stocks.
In addition to UBS, Signet Jewelers also received a Buy from Jefferies’s Randal Konik in a report issued on March 11. However, today, Wells Fargo maintained a Hold rating on Signet Jewelers (NYSE: SIG).
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
Read More on SIG:
Disclaimer & DisclosureReport an Issue
- Signet Jewelers price target raised to $126 from $118 at UBS
- Signet Jewelers’ Acquisition Spree and Brand Overhaul: Rising Execution Risks, Margin Pressure, and Strategic Uncertainty
- Midday Fly By: Micron reports Q2 beat, Uber invests in Rivian
- Signet Jewelers rises 12.6%
- Morning Movers: Canadian Solar sinks following fourth quarter results
