SIG (LON:SHI) Price Target Cut to GBX 940 by Analysts at Jefferies Financial Group

SIG (LON:SHIFree Report) had its target price lowered by Jefferies Financial Group from GBX 960 to GBX 940 in a report issued on Thursday, MarketBeat reports. The brokerage currently has a hold rating on the stock.

SIG Price Performance

SHI stock opened at GBX 9.50 on Thursday. The stock’s 50 day moving average is GBX 9.85 and its two-hundred day moving average is GBX 9.62. SIG has a 52-week low of GBX 8.28 and a 52-week high of GBX 18. The company has a market capitalization of £110.29 million, a PE ratio of -1.58, a P/E/G ratio of 1.29 and a beta of 1.93. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09.

SIG (LON:SHIGet Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. Analysts predict that SIG will post 4.1880342 earnings per share for the current fiscal year.

Insider Buying and Selling at SIG

In related news, insider Petrus R. M. Vervaat bought 500,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of GBX 10 per share, with a total value of £50,000. Insiders own 0.97% of the company’s stock.

SIG News Summary

Here are the key news stories impacting SIG this week:

About SIG

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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.

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