SIG (LON:SHI) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of SIG plc (LON:SHI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.79 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.49, with a volume of 249,400 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group decreased their target price 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. Royal Bank Of Canada reduced their price objective on 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 8.45.

SIG Stock Up 3.0%

The company has a debt-to-equity ratio of 499.09, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market cap of £98.12 million, a PE ratio of -1.54, a P/E/G ratio of 1.29 and a beta of 0.67. The firm’s 50-day moving average price is GBX 8.24 and its two-hundred day moving average price is GBX 8.79.

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.