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Analysts Are Bullish on These Consumer Cyclical Stocks: Movado Group (MOV), Signet Jewelers (SIG)

Tipranks - Tipranks - Sat Mar 21, 11:02AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Movado Group (MOV) and Signet Jewelers (SIG) with bullish sentiments.

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Movado Group (MOV)

In a report released today, Hamed Khorsand from BWS Financial maintained a Buy rating on Movado Group, with a price target of $31.50. The company’s shares closed last Friday at $24.32.

According to TipRanks.com, Khorsand is a 5-star analyst with an average return of 12.4% and a 56.8% success rate. Khorsand covers the Technology sector, focusing on stocks such as Ubiquiti Networks, A10 Networks, and Xperi Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Movado Group with a $30.75 average price target, which is a 22.5% upside from current levels. In a report issued on March 5, TipRanks – xAI also upgraded the stock to Buy with a $27.00 price target.

See the top stocks recommended by analysts >>

Signet Jewelers (SIG)

In a report released today, Randal Konik from Jefferies maintained a Buy rating on Signet Jewelers, with a price target of $150.00. The company’s shares closed last Friday at $87.99.

According to TipRanks.com, Konik is a 2-star analyst with an average return of 0.0% and a 41.8% success rate. Konik covers the NA sector, focusing on stocks such as Life Time Group Holdings, Lululemon Athletica, and Acushnet Holdings. ;'>

Currently, the analyst consensus on Signet Jewelers is a Moderate Buy with an average price target of $113.60, implying a 28.9% upside from current levels. In a report issued on March 10, UBS also maintained a Buy rating on the stock with a $118.00 price target.

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