SIG (LON:SHI) Given New GBX 9 Price Target at Jefferies Financial Group

SIG (LON:SHI) had its target price reduced by Jefferies Financial Group from GBX 9.40 to GBX 9 in a research report report published on Monday morning, Marketbeat reports. They currently have a hold rating on the stock.

SIG Stock Performance

Shares of SIG stock opened at GBX 8.85 on Monday. The firm has a fifty day moving average of GBX 9.04 and a two-hundred day moving average of GBX 9.27. The company has a debt-to-equity ratio of 499.09, a quick ratio of 1.10 and a current ratio of 1.52. The stock has a market capitalization of £102.29 million, a price-to-earnings ratio of -1.61, a PEG ratio of 1.29 and a beta of 0.84. SIG has a 52 week low of GBX 7.47 and a 52 week high of GBX 18.

SIG (LON:SHI) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. As a group, equities research analysts predict that SIG will post 4.1880342 EPS for the current year.

Insider Activity

In other news, insider Ian Ashton sold 486,004 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total transaction of £38,880.32. Insiders own 0.97% of the company’s stock.

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.