SIG (LON:SHI) Stock Passes Below Two Hundred Day Moving Average of $116.25
Shares of SIG plc (LON:SHI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $116.25 and traded as low as $89.70. SIG shares last traded at $90.50, with a volume of 969,096 shares traded.
Several analysts have recently commented on the stock. Citigroup restated a “neutral” rating and issued a GBX 92 ($1.21) target price on shares of SIG in a research note on Friday, January 10th. Berenberg Bank reduced their target price on shares of SIG from GBX 100 ($1.32) to GBX 85 ($1.12) and set a “hold” rating for the company in a research note on Friday, January 24th. UBS Group restated a “sell” rating on shares of SIG in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their target price on shares of SIG from GBX 122 ($1.60) to GBX 97 ($1.28) and set a “hold” rating for the company in a research note on Wednesday, February 5th. Finally, Peel Hunt restated a “hold” rating on shares of SIG in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 99.88 ($1.31).
The company has a market cap of $541.57 million and a price-to-earnings ratio of 130.79. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 136.88. The company’s 50 day moving average price is GBX 101.76 and its 200 day moving average price is GBX 115.90.
SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.
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