Jefferies Financial Group Lowers SIG (LON:SHI) Price Target to GBX 24.10

SIG (LON:SHI) had its price target lowered by stock analysts at Jefferies Financial Group from GBX 27.10 ($0.34) to GBX 24.10 ($0.31) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 3.21% from the stock’s previous close.

SHI has been the topic of several other research reports. Royal Bank of Canada decreased their price target on SIG from GBX 3,300 ($41.86) to GBX 3,200 ($40.59) and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a “sell” rating on the stock in a research note on Tuesday.

SIG Price Performance

Shares of SHI stock opened at GBX 24.90 ($0.32) on Thursday. The stock’s fifty day simple moving average is GBX 27.35 and its 200 day simple moving average is GBX 29.69. The company has a debt-to-equity ratio of 258.95, a current ratio of 1.67 and a quick ratio of 1.10. The firm has a market cap of £288.84 million, a price-to-earnings ratio of -622.50, a P/E/G ratio of 1.29 and a beta of 1.90. SIG has a one year low of GBX 20.65 ($0.26) and a one year high of GBX 39.36 ($0.50).

Insiders Place Their Bets

In other news, insider Shatish D. Dasani bought 70,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of GBX 29 ($0.37) per share, for a total transaction of £20,300 ($25,751.62). In other news, insider Ian Ashton sold 469,520 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of GBX 28 ($0.36), for a total transaction of £131,465.60 ($166,771.03). Also, insider Shatish D. Dasani bought 70,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,751.62). Insiders own 18.50% of the company’s stock.

SIG Company Profile

SIG plc supplies specialist insulation and sustainable building products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland. It offers insulation and interiors products, such as structural and technical insulations, construction accessories and fixings, cladding and façade systems, dry lining, ceiling tiles and grids, partition walls and door sets, and floor coverings, as well as accessories, including tools and fixings, ventilation, access equipment, and safety products.