SIG (LON:SHI) Shares Up 13.6% – Still a Buy?

SIG plc (LON:SHI) shares shot up 13.6% on Friday . The stock traded as high as GBX 18 ($0.24) and last traded at GBX 18 ($0.24). 1,914,845 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 1,855,842 shares. The stock had previously closed at GBX 15.84 ($0.21).

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price target on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a “buy” rating for the company in a report on Thursday, March 6th.

SIG Trading Down 10.6 %

The business has a 50 day simple moving average of GBX 13.08 and a 200 day simple moving average of GBX 15.86. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10. The company has a market cap of £192.20 million, a price-to-earnings ratio of -3.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI) last announced its earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. As a group, equities analysts forecast that SIG plc will post 4.1880342 EPS for the current year.

Insider Transactions at SIG

In other SIG news, insider Kath Durrant bought 92,518 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($16,000.19). Also, insider Ian Ashton sold 470,273 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($81,329.64). 18.32% of the stock is currently owned by corporate 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.