Insider Buying: SIG (LON:SHI) Insider Buys 100,000 Shares of Company Stock

SIG plc (LON:SHI) insider Simon Kesterton purchased 100,000 shares of the business’s stock in a transaction on Tuesday, October 13th. The stock was bought at an average cost of GBX 9 per share, for a total transaction of £9,000.

Simon Kesterton also recently made the following trade(s):

• On Friday, October 2nd, Simon Kesterton acquired 200,000 shares of SIG stock. The shares were purchased at an average cost of GBX 9 per share, with a total value of £18,000.

SIG Stock Up 0.2%

SHI traded up GBX 0.02 during trading hours on Wednesday, hitting GBX 9. 211,581 shares of the company’s stock were exchanged, compared to its average volume of 1,117,240. The stock’s 50-day moving average is GBX 9.19 and its two-hundred day moving average is GBX 8.64. SIG plc has a 1-year low of GBX 6.72 and a 1-year high of GBX 11. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00. The stock has a market cap of £104.02 million, a price-to-earnings ratio of -2.05, a PEG ratio of 1.29 and a beta of 0.68.

SIG (LON:SHI) last released its earnings results on Tuesday, August 4th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. Sell-side analysts predict that SIG plc will post 4.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SHI. Peel Hunt reaffirmed a “buy” rating and set a GBX 14 price objective on shares of SIG in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 5 price objective on shares of SIG in a research report on Friday, August 7th. Finally, Jefferies Financial Group raised their target price on shares of SIG from GBX 8.90 to GBX 9.60 and gave the stock a “hold” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 9.15.

About SIG

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers. We use our network of around 430 winning branches across local markets with superior customer service, specialist expertise and on-time delivery to add value to both our customers and suppliers.