SIG (LON:SHI) Price Target Cut to GBX 24.10

SIG (LON:SHI) had its price objective lowered by Jefferies Financial Group from GBX 27.10 ($0.34) to GBX 24.10 ($0.31) in a research report report published on Thursday morning, Marketbeat reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other research analysts have also recently weighed in on SHI. Deutsche Bank Aktiengesellschaft dropped their price target on shares of SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a sell rating on the stock in a research note on Tuesday, June 25th. Royal Bank of Canada lowered their target price on SIG from GBX 3,300 ($41.86) to GBX 3,200 ($40.59) and set a sector perform rating on the stock in a research report on Friday, May 3rd.

SIG Trading Down 0.4 %

Shares of SHI stock opened at GBX 24.90 ($0.32) on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 258.95. SIG has a 12-month low of GBX 20.65 ($0.26) and a 12-month high of GBX 39.36 ($0.50). The stock has a market capitalization of £288.84 million, a P/E ratio of -622.50, a P/E/G ratio of 1.29 and a beta of 1.90. The firm’s 50 day moving average is GBX 27.35 and its 200 day moving average is GBX 29.68.

Insiders Place Their Bets

In related news, insider Shatish D. Dasani purchased 70,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average price of GBX 29 ($0.37) per share, for a total transaction of £20,300 ($25,751.62). In related news, insider Ian Ashton sold 469,520 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of GBX 28 ($0.36), for a total value of £131,465.60 ($166,771.03). Also, insider Shatish D. Dasani acquired 70,000 shares of SIG stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,751.62). 18.50% of the stock is currently owned by insiders.

SIG Company Profile

SIG plc supplies specialist insulation and sustainable building products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland. It offers insulation and interiors products, such as structural and technical insulations, construction accessories and fixings, cladding and façade systems, dry lining, ceiling tiles and grids, partition walls and door sets, and floor coverings, as well as accessories, including tools and fixings, ventilation, access equipment, and safety products.