SIG plc (LON:SHI – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9.11 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.29, with a volume of 269,997 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have issued reports on SHI shares. Royal Bank Of Canada decreased their price objective on shares of 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 reduced their target price on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 8.45.
View Our Latest Stock Analysis on SHI
SIG Price Performance
SIG (LON:SHI – Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported GBX (2) EPS for the quarter. SIG had a negative net margin of 2.47% and a negative return on equity of 47.73%. Equities research analysts expect that SIG plc will post 4.1880342 earnings per share for the current fiscal year.
Insider Transactions at SIG
In related news, insider Ian Ashton sold 238,460 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of GBX 8, for a total transaction of £19,076.80. Insiders own 0.97% of the company’s stock.
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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