SIG (LON:SHI) Insider Purchases £5,850 in Stock

SIG plc (LON:SHI) insider Simon Kesterton bought 65,000 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average price of GBX 9 per share, for a total transaction of £5,850.

Simon Kesterton also recently made the following trade(s):

• On Tuesday, October 13th, Simon Kesterton purchased 100,000 shares of SIG stock. The stock was purchased at an average price of GBX 9 per share, with a total value of £9,000.
• On Friday, October 2nd, Simon Kesterton purchased 200,000 shares of SIG stock. The stock was purchased at an average price of GBX 9 per share, with a total value of £18,000.

SIG Stock Performance

Shares of SHI opened at GBX 9.39 on Friday. The firm has a 50-day moving average of GBX 9.27 and a 200-day moving average of GBX 8.66. SIG plc has a one year low of GBX 6.72 and a one year high of GBX 11. The company has a market cap of £108.53 million, a PE ratio of -2.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. The company has a debt-to-equity ratio of 597.00, a current ratio of 1.36 and a quick ratio of 1.10.

SIG (LON:SHI) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. As a group, equities analysts forecast that SIG plc will post 4.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.