Is Signet Jewelers Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 4 Wall Street analysts covering (NYSE: SIG) stock is to Buy SIG stock.
Out of 4 analysts, 1 (25%) are recommending SIG as a Strong Buy, 0 (0%) are recommending SIG as a Buy, 3 (75%) are recommending SIG as a Hold, 0 (0%) are recommending SIG as a Sell, and 0 (0%) are recommending SIG as a Strong Sell.
What is SIG's forecast return on equity (ROE) for 2024-2024?
(NYSE: SIG) forecast ROE is 28.73%, which is considered strong.
What is SIG's Price Target?
According to 4 Wall Street analysts that have issued a 1 year SIG price target, the average SIG price target is $83.75, with the highest SIG stock price forecast at $93.00 and the lowest SIG stock price forecast at $75.00.
On average, Wall Street analysts predict that Signet Jewelers's share price could reach $83.75 by Apr 19, 2024. The average Signet Jewelers stock price prediction forecasts a potential upside of 35.56% from the current SIG share price of $61.78.
What is SIG's forecast return on assets (ROA) for 2024-2024?
(NYSE: SIG) forecast ROA is 6.85%, which is lower than the forecast US Luxury Goods industry average of 12.7%.
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