SIG (LON:SHI) had its target price lowered by Canaccord Genuity from GBX 133 ($1.74) to GBX 107 ($1.40) in a report published on Tuesday, Digital Look reports. Canaccord Genuity currently has a hold rating on the stock.
SHI has been the subject of several other research reports. Peel Hunt reissued a buy rating on shares of SIG in a research note on Tuesday, September 10th. Bank of America reissued a buy rating on shares of SIG in a research note on Tuesday, July 16th. Jefferies Financial Group decreased their price objective on shares of SIG from GBX 148 ($1.93) to GBX 145 ($1.89) and set a hold rating for the company in a research note on Tuesday, June 25th. Liberum Capital reissued a buy rating on shares of SIG in a research note on Monday, October 7th. Finally, Shore Capital reissued an under review rating on shares of SIG in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 134.57 ($1.76).
Shares of LON SHI opened at GBX 109 ($1.42) on Tuesday. The company has a debt-to-equity ratio of 136.88, a current ratio of 1.30 and a quick ratio of 0.95. The company has a market cap of $644.80 million and a P/E ratio of 155.71. SIG has a 1 year low of GBX 87.60 ($1.14) and a 1 year high of GBX 153.90 ($2.01). The firm has a 50-day simple moving average of GBX 122.35 and a two-hundred day simple moving average of GBX 132.13.
The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 1.25 ($0.02) per share. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 3rd. SIG’s dividend payout ratio (DPR) is presently 5.71%.
In related news, insider Andrew Allner bought 6,000 shares of SIG stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average cost of GBX 100 ($1.31) per share, with a total value of £6,000 ($7,840.06). Over the last ninety days, insiders have bought 6,236 shares of company stock worth $629,972.
SIG Company Profile
SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.
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