SIG plc (SHI) Insider Acquires £150.48 in Stock
SIG plc (LON:SHI) insider Douglas Robertson acquired 132 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was bought at an average price of GBX 114 ($1.39) per share, with a total value of £150.48 ($183.40).
SIG plc (LON:SHI) traded up 0.62% during trading on Monday, hitting GBX 113.30. 1,242,565 shares of the company were exchanged. The stock’s market capitalization is GBX 670.00 million. The firm’s 50 day moving average price is GBX 119.71 and its 200-day moving average price is GBX 122.28. SIG plc has a 1-year low of GBX 98.30 and a 1-year high of GBX 178.90.
The company also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 1.82%.
Several brokerages have commented on SHI. Davy Research restated a “neutral” rating on shares of SIG plc in a report on Friday, August 5th. Liberum Capital decreased their price objective on shares of SIG plc from GBX 135 ($1.65) to GBX 110 ($1.34) and set a “hold” rating for the company in a report on Thursday, July 14th. Peel Hunt restated a “hold” rating and issued a GBX 130 ($1.58) price objective on shares of SIG plc in a report on Tuesday, August 9th. Jefferies Group decreased their price target on shares of SIG plc from GBX 180 ($2.19) to GBX 140 ($1.71) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 165 ($2.01) price target on shares of SIG plc in a research note on Monday, July 25th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 139.58 ($1.70).
SIG plc Company Profile
SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors.
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