SIG (LON:SHI) Stock Price Up 11.6% – Here’s What Happened

SIG plc (LON:SHI) rose 11.6% during mid-day trading on Friday . The stock traded as high as GBX 8.39 and last traded at GBX 8.39. Approximately 2,003,482 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 1,800,057 shares. The stock had previously closed at GBX 7.52.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their price target on SIG from GBX 960 to GBX 940 and set a “hold” rating for the company in a research report on Thursday, March 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 940.

SIG Trading Up 11.6%

The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09. The firm’s fifty day moving average is GBX 9.49 and its two-hundred day moving average is GBX 9.41. The firm has a market cap of £97.40 million, a P/E ratio of -1.40, a PEG ratio of 1.29 and a beta of 0.79.

SIG (LON:SHI) last issued its quarterly earnings data on Wednesday, March 4th. The company reported GBX (2) EPS for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. Analysts predict that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Transactions at SIG

In related news, insider Petrus R. M. Vervaat acquired 500,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was acquired at an average cost of GBX 10 per share, for a total transaction of £50,000. 0.97% of the stock is currently owned by insiders.

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.