SIG (LON:SHI) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

SIG plc (LON:SHI) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8.65 and traded as low as GBX 8.56. SIG shares last traded at GBX 8.74, with a volume of 1,473,054 shares.

Analyst Ratings Changes

SHI has been the subject of several recent research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 14 target price on shares of SIG in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and set a GBX 8.90 price target on shares of SIG in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 5 price objective on shares of SIG in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 8.97.

SIG Price Performance

The business’s 50-day moving average price is GBX 8.33 and its 200 day moving average price is GBX 8.64. The stock has a market capitalization of £101.01 million, a PE ratio of -1.59, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68. The company has a debt-to-equity ratio of 597.00, a quick ratio of 1.10 and a current ratio of 1.36.

SIG (LON:SHI) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. Research analysts forecast that SIG plc will post 4.1880342 earnings per share for the current year.

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.