SIG (LON:SHI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

SIG plc (LON:SHI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHI. Jefferies Financial Group lowered their price target on SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada lowered their price target on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, SIG presently has a consensus rating of “Hold” and an average price target of GBX 8.45.

SIG Stock Down 1.8%

The company has a market cap of £98.12 million, a P/E ratio of -1.54, a P/E/G ratio of 1.29 and a beta of 0.73. 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 business’s 50 day moving average is GBX 8.41 and its 200 day moving average is GBX 9.12.

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%. As a group, equities analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ian Ashton sold 486,004 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of GBX 8, for a total value of £38,880.32. 0.97% of the stock is owned by company 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.