SIG Group (OTCMKTS:SIGCY) Trading Up 0.6% – Time to Buy?

SIG Group AG (OTCMKTS:SIGCY)’s share price was up 0.6% during mid-day trading on Friday . The company traded as high as C$15.09 and last traded at C$15.09. Approximately 1,940 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 4,087 shares. The stock had previously closed at C$15.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on SIGCY shares. The Goldman Sachs Group upgraded SIG Group to a “strong-buy” rating in a research report on Tuesday, March 24th. UBS Group upgraded SIG Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

SIG Group Stock Performance

The stock has a 50 day moving average price of C$15.19 and a 200 day moving average price of C$13.41.

About SIG Group

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and liquid food products. The company provides aseptic carton filling lines, aseptic carton sleeves and closures, bag-in-box, and spouted pouch, as well as spare parts, maintenance, digital, add-on, training, and other services. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022.