Want to Double Your Money? Buy This Value Stock and Wait 5 Years.
There's no sure thing in investing, but one of the best ways to make money in the stock market is by finding an undervalued stock that has a clear path to growth.
One such stock now is Signet Jewelers (NYSE: SIG), the world's largest retailer of diamond jewelry. Signet owns brands like Kay, Zales, Jared, Diamonds Direct, and Blue Nile, giving it a scale advantage in a fragmented industry and the ability to leverage digital sales in a way that independent jewelers can't.
The stock looks dirt cheap at the moment, trading at a price-to-earnings (P/E) ratio of less than 8 based on its guidance on adjusted earnings per share for the year.
Source Fool.com
Signet Jewelers Stock
€93.92
0.860%
Signet Jewelers is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 109 € there is a slightly positive potential of 16.06% for Signet Jewelers compared to the current price of 93.92 €.
