SIG (LON:SHI) Shares Cross Below 200 Day Moving Average – Should You Sell?

SIG plc (LON:SHI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 8.93 and traded as low as GBX 7.84. SIG shares last traded at GBX 8.40, with a volume of 241,923 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on SHI. Royal Bank Of Canada dropped their price target on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group cut their target price on SIG from GBX 9 to GBX 8.90 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 8.45.

SIG Price Performance

The company has a market capitalization of £98.24 million, a P/E ratio of -1.55, a P/E/G ratio of 1.29 and a beta of 0.67. The business’s 50-day simple moving average is GBX 8.20 and its 200 day simple moving average is GBX 8.93. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 499.09.

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.