SIG (LON:SHI) Trading Up 10.8% – Time to Buy?

SIG plc (LON:SHI)’s share price rose 10.8% during trading on Wednesday . The company traded as high as GBX 8.75 and last traded at GBX 8.75. 662,178 shares changed hands during trading, a decline of 43% from the average daily volume of 1,152,952 shares. The stock had previously closed at GBX 7.90.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHI. Royal Bank Of Canada decreased 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 research report on Wednesday, April 29th. Jefferies Financial Group dropped their target price on SIG from GBX 9 to GBX 8.90 and set a “hold” rating on the stock in a report on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, SIG has a consensus rating of “Hold” and an average target price of GBX 8.45.

SIG Stock Down 8.7%

The business’s fifty day moving average price is GBX 8.21 and its 200 day moving average price is GBX 8.98. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09. The firm has a market capitalization of £92.32 million, a PE ratio of -1.45, a PEG ratio of 1.29 and a beta of 0.69.

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.