SIG (LON:SHI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

SIG (LON:SHI) had its price objective lifted by investment analysts at Jefferies Financial Group from GBX 8.90 to GBX 9.60 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 11.61% from the company’s previous close.

A number of other analysts also recently issued reports on SHI. Royal Bank Of Canada lowered their price target on 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. Peel Hunt restated a “buy” rating and issued a GBX 14 target price on shares of SIG in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 5 price target on shares of SIG in a report on Friday, August 7th. One 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 company. According to data from MarketBeat, SIG currently has an average rating of “Hold” and a consensus price target of GBX 9.15.

SIG Trading Down 3.6%

Shares of LON SHI opened at GBX 8.60 on Friday. SIG has a 1-year low of GBX 6.72 and a 1-year high of GBX 12. The company has a debt-to-equity ratio of 597.00, a current ratio of 1.36 and a quick ratio of 1.10. The business’s 50 day moving average is GBX 8.36 and its two-hundred day moving average is GBX 8.62. The stock has a market capitalization of £99.41 million, a P/E ratio of -1.56, a PEG ratio of 1.29 and a beta of 0.68.

SIG (LON:SHI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. SIG had a negative net margin of 1.98% and a negative return on equity of 46.37%. As a group, research analysts expect that SIG 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.