SIG’s (SHI) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of SIG (LON:SHI) in a research note issued to investors on Monday, Stock Target Advisor reports.

Several other analysts have also recently issued reports on SHI. UBS Group reiterated a sell rating and set a GBX 88 ($1.15) target price (down previously from GBX 93 ($1.22)) on shares of SIG in a research report on Tuesday, October 8th. Shore Capital reiterated an under review rating on shares of SIG in a research report on Monday, October 7th. Berenberg Bank cut their target price on SIG from GBX 135 ($1.76) to GBX 100 ($1.31) and set a hold rating for the company in a research report on Monday, October 14th. Royal Bank of Canada reiterated an outperform rating on shares of SIG in a research report on Monday, October 7th. Finally, Canaccord Genuity cut their target price on SIG from GBX 133 ($1.74) to GBX 107 ($1.40) and set a hold rating for the company in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 129.57 ($1.69).

Shares of LON:SHI traded down GBX 1.20 ($0.02) during trading on Monday, hitting GBX 114 ($1.49). 620,966 shares of the company’s stock were exchanged, compared to its average volume of 2,830,000. The company has a debt-to-equity ratio of 136.88, a current ratio of 1.30 and a quick ratio of 0.95. SIG has a 52-week low of GBX 87.60 ($1.14) and a 52-week high of GBX 153.90 ($2.01). The business’s 50-day simple moving average is GBX 114.16 and its 200 day simple moving average is GBX 126.40. The company has a market cap of $686.21 million and a price-to-earnings ratio of 162.86.

The company also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were issued a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, October 3rd. SIG’s dividend payout ratio is presently 5.71%.

In other news, insider Andrew Allner purchased 6,000 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was acquired at an average price of GBX 100 ($1.31) per share, for a total transaction of £6,000 ($7,840.06). Insiders have acquired a total of 6,253 shares of company stock valued at $629,971 in the last 90 days.

About SIG

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.

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Analyst Recommendations for SIG (LON:SHI)

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