SIG (LON:SHI) Trading 2.3% Higher – Still a Buy?

SIG plc (LON:SHI)’s share price traded up 2.3% during trading on Tuesday . The company traded as high as GBX 10 and last traded at GBX 9.20. Approximately 1,490,050 shares were traded during trading, an increase of 31% from the average session volume of 1,140,369 shares. The stock had previously closed at GBX 8.99.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SHI shares. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 5 target price on shares of SIG in a research note on Friday, August 7th. Peel Hunt restated a “buy” rating and set a GBX 14 target price on shares of SIG in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group upped their target price on shares of SIG from GBX 8.90 to GBX 9.60 and gave the company a “hold” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 9.15.

SIG Trading Down 0.5%

The company has a fifty day moving average of GBX 8.80 and a two-hundred day moving average of GBX 8.56. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00. The stock has a market capitalization of £108.64 million, a price-to-earnings ratio of -2.14, a P/E/G ratio of 1.29 and a beta of 0.68.

SIG (LON:SHI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) EPS for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. On average, research analysts expect that SIG plc will post 4.1880342 EPS for the current year.

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.