SIG plc (LON:SHI – Get Free Report) shares fell 9.8% on Thursday. The company traded as low as GBX 8.50 and last traded at GBX 8.50. Approximately 595,511 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,106,854 shares. The stock had previously closed at GBX 9.42.
Analysts Set New Price Targets
SHI has been the subject of several research reports. Peel Hunt reissued a “buy” rating and set a GBX 14 price objective on shares of SIG in a research note on Tuesday, August 4th. Jefferies Financial Group upped their price target on SIG from GBX 8.90 to GBX 9.60 and gave the stock a “hold” rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 5 price objective on shares of SIG in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 9.15.
Get Our Latest Research Report on SHI
SIG Stock Performance
SIG (LON:SHI – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported GBX (1.90) EPS for the quarter. SIG had a negative net margin of 1.98% and a negative return on equity of 46.37%. As a group, analysts predict that SIG plc will post 4.1880342 EPS 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.
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