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Friday, September 30, 2011

Great Stock Value (NYSE: SIG)

Shares of SIG fell by 2.10% or $-0.72/share to $33.52. Signet Jewelers Limited is trading at a price to book ratio of 1.39. The PEG is 0.65 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.82. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 932922 shares of SIG exchange hands on a given day and today's volume is recorded at 445284. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Signet Jewelers Limited (Signet) is a specialty retail jeweler with stores in the United States, United Kingdom, Republic of Ireland and Channel Islands.