Jefferies Financial Group Issues Pessimistic Forecast for SIG (LON:SHI) Stock Price

SIG (LON:SHI – Get Free Report) had its price objective decreased by analysts at Jefferies Financial Group from GBX 9 to GBX 8.90 in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 8.88% from the stock’s current price.

Separately, Royal Bank Of Canada reduced their target price on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 8.45.

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SIG Stock Performance

Shares of SHI stock opened at GBX 8.17 on Tuesday. The firm has a market capitalization of £94.47 million, a price-to-earnings ratio of -1.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.73. 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 business has a fifty day moving average of GBX 8.58 and a 200 day moving average of GBX 9.18. SIG has a 1 year low of GBX 7.47 and a 1 year high of GBX 16.98.

SIG (LON:SHI – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. As a group, research analysts expect that SIG will post 4.1880342 earnings per share for the current year.

Insider Buying and Selling at SIG

In other SIG news, insider Ian Ashton sold 486,004 shares of SIG stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total transaction of £38,880.32. Insiders own 0.97% of the company’s stock.

SIG Company Profile

(Get Free Report)

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.

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