Why Signet Jewelers Stock Was Soaring Today
Shares of Signet Jewelers (NYSE: SIG) were shining bright today as the world's largest diamond jewelry retailer posted better-than-expected results in its second-quarter earnings report. As of 10:10 a.m. ET, the stock was up 15.1% on the news.
Image source: Getty Images.
Signet has struggled for the last several quarters amid broader sluggishness in consumer spending and a delay in engagements. The company has also faced difficult comparisons after revenue surged during the later stages of the pandemic, fueled by stimulus checks.
Source Fool.com
Signet Jewelers Stock
€82.04
2.030%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Signet Jewelers.
As a result the target price of 88 € shows a slightly positive potential of 7.26% compared to the current price of 82.04 € for Signet Jewelers.
