SIG (LON:SHI) Shares Down 6.4%

Shares of SIG plc (LON:SHI) were down 6.4% on Monday . The stock traded as low as GBX 22.50 ($0.29) and last traded at GBX 22.60 ($0.29). Approximately 548,820 shares traded hands during trading, a decline of 44% from the average daily volume of 975,660 shares. The stock had previously closed at GBX 24.15 ($0.31).

Analysts Set New Price Targets

SHI has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on SIG from GBX 27.10 ($0.35) to GBX 24.10 ($0.31) and set a “hold” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reduced their price objective on SIG from GBX 3,300 ($42.13) to GBX 3,200 ($40.86) and set a “sector perform” rating on the stock in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a “sell” rating for the company in a research note on Tuesday, June 25th.

SIG Trading Down 6.4 %

The firm has a 50-day moving average of GBX 25.77 and a 200 day moving average of GBX 28.09. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 258.95. The stock has a market capitalization of £262.16 million, a price-to-earnings ratio of -578.75, a PEG ratio of 1.29 and a beta of 1.93.

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.