Jefferies Financial Group Cuts SIG (LON:SHI) Price Target to GBX 940

SIG (LON:SHI) had its price objective reduced by Jefferies Financial Group from GBX 960 to GBX 940 in a report issued on Thursday, Marketbeat reports. Jefferies Financial Group currently has a hold rating on the stock.

SIG Stock Performance

SHI opened at GBX 9.28 on Thursday. SIG has a 1-year low of GBX 8.28 and a 1-year high of GBX 18. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 499.09. The company’s fifty day moving average price is GBX 9.84 and its two-hundred day moving average price is GBX 9.59. The company has a market cap of £107.74 million, a price-to-earnings ratio of -1.55, a PEG ratio of 1.29 and a beta of 1.93.

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

Insiders Place Their Bets

In other SIG news, insider Petrus R. M. Vervaat purchased 500,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average cost of GBX 10 per share, for a total transaction of £50,000. 0.97% of the stock is owned by corporate insiders.

About SIG

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.