SIG (LON:SHI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

SIG plc (LON:SHI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.79 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.49, with a volume of 249,400 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price objective on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group cut their price objective on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 8.45.

SIG Trading Up 3.0%

The company has a 50 day moving average of GBX 8.24 and a 200 day moving average of GBX 8.79. The stock has a market capitalization of £98.12 million, a price-to-earnings ratio of -1.54, a P/E/G ratio of 1.29 and a beta of 0.67. The company has a debt-to-equity ratio of 499.09, a quick ratio of 1.10 and a current ratio of 1.52.

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.