The price of SIG is predicted to go up 0.44%, based on the high correlation periods with TGT. The similarity of these two price pattern on the periods is 99.36%.
SIG
TGT
Up: 0.44%Similarity: 99.36%
SIG Revenue Forecast
SIG EPS Forecast
SIG FAQs
What is bull’s view on SIG?
Signet Jewelers (SIG) is currently trading near $58, with a 52-week low of $54.44. Bullish analysts, like Ike Boruchow from Wells Fargo, maintain a "Buy" rating with a $95 price target, citing a potential 61% upside driven by recovery from oversold conditions (RSI ~30) and historical resilience in consumer spending trends. Additionally, technical indicators suggest support around $56.60, with potential resistance near $61.29.
What is bear's view on SIG?
Signet Jewelers (SIG) is currently trading near its 52-week low of $54.44, closing at $57.58 recently. The bearish view stems from declining sales, reduced Q4 revenue guidance, and rising competition from lab-grown diamonds, which threaten its traditional business model. With significant downside risks, SIG may test support levels around $55.
What is SIG revenue forecast for next quarter?
The market consensus for SIG's revenue in the upcoming quarter is projected to be approximately $1.508B USD.
What is SIG eps forecast for next quarter?
The market consensus for SIG's eps in the upcoming quarter is projected to be approximately $1.033 USD.
Wells Fargo raised the firm's price target on Signet Jewelers to $110 from $105 and keeps an Overweight rating on the shares after meeting with management. The firm remains cautiously optimistic.