Shares of SIG plc (LON:SHI – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9.11 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.29, with a volume of 269,997 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have commented on SHI. Jefferies Financial Group decreased 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. Royal Bank Of Canada reduced their price target on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SIG presently has a consensus rating of “Hold” and a consensus price target of GBX 8.45.
View Our Latest Research Report on SIG
SIG Trading Down 1.0%
SIG (LON:SHI – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX (2) earnings per share for the quarter. SIG had a negative net margin of 2.47% and a negative return on equity of 47.73%. Equities research analysts anticipate that SIG plc will post 4.1880342 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Ian Ashton sold 238,460 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 8, for a total transaction of £19,076.80. 0.97% of the stock is currently 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.
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