SIG plc (LON:SHI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.12 and traded as low as GBX 8.09. SIG shares last traded at GBX 8.65, with a volume of 863,198 shares trading hands.
Wall Street Analysts Forecast Growth
SHI has been the topic of several analyst reports. Royal Bank Of Canada reduced their price target 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. Jefferies Financial Group dropped their price objective on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 8.45.
Read Our Latest Stock Analysis on SHI
SIG Stock Performance
SIG (LON:SHI – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX (2) earnings per share 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 forecast that SIG plc will post 4.1880342 earnings per share for the current year.
Insider Activity at SIG
In other news, insider Ian Ashton sold 486,004 shares of SIG stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total value of £38,880.32. 0.97% of the stock is currently owned by corporate insiders.
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.
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