SIG (LON:SHI) Trading 2.3% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHI shares. Peel Hunt restated a “buy” rating and set a GBX 14 price objective on shares of SIG in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 5 price target on shares of SIG in a research note on Friday, August 7th. Finally, 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 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 9.15.

SIG Price Performance

The stock has a market cap of £106.33 million, a P/E ratio of -2.09, a P/E/G ratio of 1.29 and a beta of 0.68. The company’s 50 day moving average price is GBX 8.76 and its 200-day moving average price is GBX 8.57. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00.

SIG (LON:SHI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative net margin of 1.98% and a negative return on equity of 46.37%. As a group, sell-side analysts expect that SIG plc will post 4.1880342 earnings per share for the current year.

SIG Company Profile

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.