SIG (LON:SHI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

SIG plc (LON:SHI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8.99 and traded as low as GBX 7.90. SIG shares last traded at GBX 7.90, with a volume of 317,221 shares traded.

Wall Street Analyst Weigh In

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

SIG Stock Performance

The firm has a market capitalization of £91.31 million, a price-to-earnings ratio of -1.44, a PEG ratio of 1.29 and a beta of 0.69. The business’s 50-day simple moving average is GBX 8.21 and its two-hundred day simple moving average is GBX 8.99. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09.

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.