SIG (LON:SHI) Shares Down 9.8% – Here’s Why

Shares of SIG plc (LON:SHI) were down 9.8% on Thursday. The stock traded as low as GBX 8.50 and last traded at GBX 8.50. 595,511 shares changed hands during trading, a decline of 46% from the average session volume of 1,106,854 shares. The stock had previously closed at GBX 9.42.

Analyst Ratings Changes

SHI has been the topic of several recent analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 14 target price on shares of SIG in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 5 price target on shares of SIG in a report on Friday, August 7th. Finally, Jefferies Financial Group increased their price target on shares of SIG from GBX 8.90 to GBX 9.60 and gave the company a “hold” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 9.15.

SIG Stock Performance

The business has a fifty day moving average of GBX 9.12 and a 200-day moving average of GBX 8.59. The company has a market cap of £106.33 million, a PE ratio of -2.09, a P/E/G ratio of 1.29 and a beta of 0.68. The company has a current ratio of 1.36, a quick ratio of 1.10 and a debt-to-equity ratio of 597.00.

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

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.