SIG (LON:SHI) Insider Simon Kesterton Purchases 200,000 Shares of Company Stock

SIG plc (LON:SHI) insider Simon Kesterton purchased 200,000 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was bought at an average price of GBX 9 per share, for a total transaction of £18,000.

SIG Stock Up 0.3%

SHI opened at GBX 9.23 on Tuesday. The business has a 50 day moving average price of GBX 9.13 and a two-hundred day moving average price of GBX 8.61. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00. The company has a market cap of £106.68 million, a PE ratio of -2.10, a P/E/G ratio of 1.29 and a beta of 0.68. SIG plc has a 52 week low of GBX 6.72 and a 52 week high of GBX 11.

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 return on equity of 46.37% and a negative net margin of 1.98%. As a group, research analysts anticipate that SIG plc will post 4.1880342 EPS for the current year.

Wall Street Analyst Weigh In

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

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.