Signet Jewelers Downgraded by JPMorgan Chase to “Neutral” (SIG) - InvestingChannel

Signet Jewelers Downgraded by JPMorgan Chase to “Neutral” (SIG)

Shares of Signet Jewelers opened at 58.87 on Monday. Signet Jewelers has a one year low of $40.74 and a one year high of $60.46. The stock?s 50-day moving average is currently $54.76. The company has a market cap of $4.739 billion and a P/E ratio of 14.38.

Signet Jewelers last announced its earnings results on Tuesday, November 20th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $716.20 million for the quarter. During the same quarter in 2012, the company posted $0.30 earnings per share. Signet Jewelers?s revenue was up .8% compared to the same quarter last year. Signet Jewelers has set its Q4 guidance at $1.95-2.10 EPS. On average, analysts predict that Signet Jewelers will post $4.31 earnings per share for the current fiscal year.

A number of other firms have also recently commented on SIG. Analysts at Barclays Capital raised their price target on shares of Signet Jewelers from $55.00 to $60.00 in a research note to investors on Wednesday, January 9th. They now have an ?equal weight? rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Signet Jewelers from $61.00 to $63.50 in a research note to investors on Friday, November 23rd. They now have a ?buy? rating on the stock. Finally, analysts at Bank of America upgraded shares of Signet Jewelers from a ?neutral? rating to a ?buy? rating in a research note to investors on Friday, November 9th. They now have a $59.00 price target on the stock, up previously from $53.00.

Eleven analysts have rated the stock with a buy rating, one has issued an overweight rating, and one has issued a hold rating to the company?s stock. The company has a consensus rating of ?buy? and an average target price of $63.53.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 27th. Shareholders of record on Monday, January 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 24th.

Signet Jewelers Limited (Signet), formerly Signet Group plc is a specialty retail jeweler by sales, with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands.