Barclays Maintains an 'Equalweight' on Signet Jewelers (SIG); Raising Numbers After Q4 Beat

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March 23, 2012 1:53 PM EDT
Get Alerts SIG Hot Sheet
Price: $90.57 -2.15%

Rating Summary:
    13 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Signet Jewelers (NYSE: SIG) price target raised from $49 to $55.

Analyst, Robert S. Drbul, said, "We are increasing our 2012 and 2013 EPS estimates to $4.15 and $4.55 from $4.10 and $4.40, respectively, given solid top line momentum and continued execution. Our 2012 EPS estimate includes 1Q12 EPS of $0.90 based on a U.S. comp of 2.5% given the shift of Mother's Day."

For an analyst ratings summary and ratings history on Signet Jewelers click here. For more ratings news on Signet Jewelers click here.

Shares of Signet Jewelers closed at $49.21 yesterday.

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