SIG’s (SHI) Hold Rating Reiterated at Jefferies Financial Group

SIG (LON:SHI)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 8.90 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 2.16% from the stock’s current price.

A number of other brokerages also recently weighed in on SHI. Royal Bank Of Canada dropped their target price on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a report on Wednesday, April 29th. Peel Hunt restated a “buy” rating and set a GBX 14 price target on shares of SIG in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 10.30.

SIG Stock Up 3.2%

LON:SHI traded up GBX 0.27 during trading hours on Wednesday, hitting GBX 8.71. 3,331,157 shares of the company’s stock traded hands, compared to its average volume of 1,061,159. The stock’s fifty day moving average price is GBX 8.26 and its two-hundred day moving average price is GBX 8.72. The firm has a market cap of £100.69 million, a P/E ratio of -1.58, a P/E/G ratio of 1.29 and a beta of 0.68. The company has a debt-to-equity ratio of 499.09, a quick ratio of 1.10 and a current ratio of 1.52. SIG has a twelve month low of GBX 6.72 and a twelve month high of GBX 13.

SIG (LON:SHI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) EPS for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. On average, research analysts expect that SIG will post 4.1880342 earnings per share for the current fiscal 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.