Vetr Crowd Thinks It Has Seen Signet's Bottom, Upgrades To Strong Buy
On Tuesday, the Vetr crowd upgraded their rating for Signet Jewelers Ltd. (NYSE: SIG) from 4 Stars (Buy), issued five days ago, to 4.5 Stars (Strong Buy). Crowd sentiment for the stock is unanimously positive, with 100 percent of Vetr user ratings bullish.
Shares of the jeweler have fallen 16 percent since the start of the year, following a 3.46 million shares sale from Corvex Management, one of Signet's biggest holders. By the end of the trading day on January 17, the stock was limping around $81.
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Currently, the Vetr crowd's average target price for the stock is up at $91.20, which is well below the average analyst target price of $109.49. Less than 2 percent of Vetr users are holding SIG in their watch lists.
Latest Ratings for SIG
Nov 2016 | Nomura | Maintains | Buy | |
Sep 2016 | CLSA | Initiates Coverage on | Outperform | |
Sep 2016 | Cowen & Co. | Downgrades | Outperform | Market Perform |
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