UBS Group Upgrades SIG Group (OTCMKTS:SIGCY) to “Strong-Buy”

SIG Group (OTCMKTS:SIGCY) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of SIG Group to a “strong-buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, SIG Group currently has a consensus rating of “Buy”.

SIG Group Stock Performance

SIGCY opened at C$14.88 on Tuesday. The business has a 50 day moving average of C$15.29 and a 200-day moving average of C$13.26. SIG Group has a 52 week low of C$9.73 and a 52 week high of C$21.32.

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.