KeyBanc maintained its Silgan Hldgs [SLGN] rating to the equivalent of Overweight but changed the price target to $40.0 from $39, in a research note dated 2021-01-25. That figure represents around a 6.95% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Wells Fargo’s analysts upgrading the shares from “an Equal-weight” rating to “an Overweight” rating in a research note to investors issued in early December. Meanwhile, Wells Fargo had raised its rating on SLGN to “an Overweight” from the earlier “an Equal-weight”, in a research note produced for clients on December 04, 2020. In addition, there was an upgrade from KeyBanc Capital Markets on December 03, 2020. The rater changed SLGN from “a Sector weight” to “an Overweight”.
Is Silgan Holdings Inc. [NASDAQ: SLGN] a Good Buy Right Now?
It should be noted that SLGN technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 40% Buy in the last week and compares with 40% Buy in the past month. Data from Silgan Holdings Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.37 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.42 million shares while the medium-term average advocated for Hold. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.47 million shares.
SLGN Price Performance
On Wall Street, Silgan Holdings Inc. [NASDAQ: SLGN] finished Friday’s session up 1.30% at $37.40. The stock went up to $37.61 at the same session while its lowest single-day price was $36.55. In the last five days, it saw a rise of about 3.09%, Silgan Holdings Inc. shares gained by almost 0.86% since the beginning of the year. However, the share price has dropped to as low as -7.52% below its one-year high. On 01/06/21, the company shares recorded $38.57, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/14/21, the same year at $35.67. The company’s shares have inclined by 18.24% in the past year. The 50-day SMA achieved is $35.82 while the 200-day SMA is $35.36. Volume gained to 0.58 million from 0.4 million in the previous session.