Signet Jewelers Ltd (SIG) Stock Forecast & Predictions

Signet Jewelers Ltd SIG: $82.66

Clarendon House, 2 Church Street, Hamilton, Bermuda. | Sector: Retail Trade | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.signetjewelers.com

  • Market Cap$4.39B
  • Change (52 Weeks)369.36%
  • Low (52 Weeks)$17.43
  • Signet Jewelers Ltd (SIG) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Signet Jewelers Ltd (SIG) stock price is $82.66 and the 52 weeks low is $17.43, which means the Signet Jewelers Ltd stock price is up 369.36% in the last 12 months.

    Signet Jewelers Ltd (SIG) Stock Price has been Trending Strongly with an ADX reading of 48.71 as per the Weekly Chart.

    A Upward trend indicates that Signet Jewelers Ltd (SIG) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that SIG Stock price might rise further, 18.75% indicating that SIG Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall SIG stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Signet Jewelers Ltd (SIG) Stock Forecast By Analysts


    Strong Sell
    Analysts Recommendations for Signet Jewelers Ltd (SIG) is based on 13 Institutional Analyst Ratings where 0.00% are on Strong Buy, 7.69% on Moderate Buy, 38.46% remains on Hold, 7.69% are on Moderate Sell and 46.15% are on Strong Sell.

    Out of 13 Institutional Analysts, majority recommended SIG stock as Strong Sell. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Signet Jewelers Ltd.

    Signet Jewelers Ltd (SIG) Stock Price Prediction By Analysts


    HighLowAverage
    $105.00$82.82$91.80
    $91.8011.06% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for SIG set by the institutional analysts is $91.80 where High Estimate is $105.00, Median $89.76 and Low $82.82.

    The average price target for SIG by Institutional Analysts is $91.80, which is 11.06% Upside from the current price. So according to the Institutional Analysts, SIG Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Signet Jewelers Ltd (SIG) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Wells FargoOverweightUpgraded
    Wells FargoEqual-WeightMaintained
    Telsey Advisory GroupMarket PerformMaintained
    Telsey Advisory GroupMarket PerformMaintained
    Wells FargoEqual-WeightUpgraded
    Telsey Advisory GroupMarket PerformMaintained
    CitigroupNeutralUpgraded
    CitigroupSellMaintained
    CitigroupSellMaintained
    Wells FargoUnderweightMaintained
    Wells FargoUnderweightMaintained
    CitigroupSellMaintained
    Wells FargoUnderweightDowngraded
    Wells FargoMarket PerformMaintained
    CitiSellMaintained
    Bank of AmericaNeutralReiterated
    CitigroupSellDowngraded
    Wells FargoMarket PerformMaintained
    NomuraNeutralMaintained
    CitigroupSellDowngraded
    Wells FargoMarket PerformMaintained
    NomuraNeutralDowngraded
    NomuraBuyMaintained
    CitigroupNeutralMaintained
    JP MorganNeutralMaintained
    Bank of AmericaNeutralDowngraded
    NeedhamHoldDowngraded
    BuckinghamNeutralMaintained
    RBC CapitalSector PerformDowngraded
    BuckinghamNeutralMaintained
    SusquehannaNeutralInitiated
    NeedhamBuyMaintained
    CitigroupNeutralMaintained
    BuckinghamNeutralMaintained
    NeedhamBuyInitiated
    Telsey Advisory GroupMarket PerformDowngraded
    NomuraBuyMaintained
    CLSAOutperformInitiated
    Cowen & Co.Market PerformDowngraded
    Exane BNP ParibasNeutralDowngraded
    JP MorganNeutralDowngraded
    Johnson RIceAccumulateDowngraded
    Cowen & Co.OutperformMaintained
    CitigroupNeutralDowngraded
    Goldman SachsNeutralMaintained
    Deutsche BankBuyMaintained
    NomuraBuyMaintained
    Goldman SachsNeutralDowngraded
    CitigroupBuyMaintained
    Goldman SachsBuyMaintained
    CL KingBuyUpgraded
    Johnson RiceBuyInitiated
    JP MorganOverweightInitiated
    Goldman SachsBuyMaintained
    Wells FargoOutperformInitiated
    CitigroupBuyInitiated
    Buckingham ResearchBuyMaintained
    BarclaysOverweightMaintained
    UBSBuyUpgraded
    Exane BNP ParibasOutperformUpgraded
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightInitiated
    Exane BNP ParibasNeutralDowngraded
    Bank of AmericaBuyMaintained
    NomuraBuyMaintained
    CitigroupNeutralMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Miller TabakNeutralDowngraded
    CitigroupNeutralMaintained
    UBSNeutralDowngraded
    NomuraBuyMaintained
    Sterne AgeeUpgraded
    CL KingNeutralDowngraded
    CitigroupNeutralMaintained
    Deutsche BankBuyUpgraded
    TopekaBuyInitiated
    TopekaBuyInitiated
    Brean CapitalBuyInitiated
    NomuraBuyInitiated
    Deutsche BankHoldDowngraded
    Stephens & Co.OverweightInitiated
    Bank of AmericaBuyMaintained
    Sterne AgeeNeutralInitiated
    CitigroupNeutralDowngraded
    JP MorganNeutralDowngraded
    Miller TabakMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaBuyUpgraded
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    CitigroupBuyInitiated
    JP MorganOverweightMaintained
    Miller TabakBuyInitiated
    Deutsche BankBuyMaintained

    Signet Jewelers Ltd (SIG) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.230
    The average consensus EPS for SIG is $0.230 with a high estimate of $0.629 and Low of $-0.010 for the period 2021-12-31 and based on 7 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.77$1.7113442022-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.229522500000000022022-09-30
    $2.77$1.7113442022-06-30
    $2.23$1.2820942022-03-31
    $4.15$3.57681399999999972021-12-31
    $0.11$-0.663572021-09-30
    $-1.13$-2.09072021-06-30
    $-1.59$-2.84395799999999982021-03-31
    $3.67$3.5051042020-12-31
    $-0.76$-1.09307252020-09-30
    $0.51$0.24673292020-06-30
    $0.08$-0.2332092020-03-31
    $3.96$3.8539582019-12-31
    $-1.06$-1.11375732019-09-30
    $0.52$0.19731362019-06-30
    $0.1$-0.08660752019-03-31
    $4.28$4.29071232018-12-31
    $-0.1$0.10512082018-09-30
    $1.17$1.05428852018-06-30
    $1.2$1.71699999999999992018-03-31
    $4.03$4.04471672017-12-31
    $0.3$0.20532292017-09-30
    $1.14$1.46683310000000012017-06-30
    $1.95$1.963442017-03-31
    $3.63$3.6233752016-12-31
    $0.33$0.395091800000000052016-09-30
    $1.28$1.16152016-06-30
    $1.62$1.62946329999999982016-03-31
    $3.06$3.06651150000000032015-12-31
    $0.21$0.17812362015-09-30
    $1.01$0.987782015-06-30
    $1.29$1.28272015-03-31
    $2.18$2.16933862014-12-31
    $0.42$0.427088600000000042014-09-30
    $0.84$0.83913832014-06-30
    $1.13$1.12531170000000012014-03-31
    $2.12$2.11006172013-12-31
    $0.43$0.375722013-09-30
    $0.85$0.84054222013-06-30
    $0.96$0.92246332013-03-31
    $1.79$1.79148752012-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).