SIG (LON:SHI) Stock Crosses Below 200-Day Moving Average – Here’s Why

SIG plc (LON:SHI) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8.79 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.49, with a volume of 249,400 shares traded.

Wall Street Analysts Forecast Growth

SHI has been the topic of several research reports. Royal Bank Of Canada cut their price target on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group lowered their price objective on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 8.45.

SIG Trading Up 3.0%

The company has a market capitalization of £98.12 million, a PE ratio of -1.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. The company has a debt-to-equity ratio of 499.09, a current ratio of 1.52 and a quick ratio of 1.10. The company’s fifty day moving average is GBX 8.24 and its 200-day moving average is GBX 8.79.

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.