SIG (LON:SHI) Shares Up 10.8% – Here’s Why

SIG plc (LON:SHI)’s stock price was up 10.8% on Wednesday . The stock traded as high as GBX 8.75 and last traded at GBX 8.75. 662,178 shares changed hands during trading, a decline of 43% from the average daily volume of 1,152,952 shares. The stock had previously closed at GBX 7.90.

Wall Street Analyst Weigh In

SHI has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 8.45.

SIG Stock Performance

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 stock has a 50-day moving average price of GBX 8.21 and a 200-day moving average price of GBX 8.99. The company has a market capitalization of £101.13 million, a price-to-earnings ratio of -1.59, a PEG ratio of 1.29 and a beta of 0.69.

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.