SIG (LON:SHI) Trading Up 2.3% – What’s Next?

SIG plc (LON:SHI) was up 2.3% during mid-day trading on Tuesday . The company traded as high as GBX 10 and last traded at GBX 9.20. Approximately 1,490,050 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 1,140,369 shares. The stock had previously closed at GBX 8.99.

Analyst Ratings Changes

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

SIG Trading Up 2.3%

The company has a debt-to-equity ratio of 597.00, a quick ratio of 1.10 and a current ratio of 1.36. The stock has a market capitalization of £106.33 million, a P/E ratio of -2.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68. The firm’s fifty day simple moving average is GBX 8.76 and its 200 day simple moving average is GBX 8.57.

SIG (LON:SHI) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. As a group, equities research analysts forecast that SIG plc will post 4.1880342 EPS for the current fiscal year.

SIG Company Profile

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.