SIG (LON:SHI) Price Target Cut to GBX 8 by Analysts at Royal Bank Of Canada

SIG (LON:SHI) had its price target trimmed by Royal Bank Of Canada from GBX 8.70 to GBX 8 in a research report report published on Wednesday morning,Digital Look reports. The brokerage currently has a sector perform rating on the stock.

Separately, Jefferies Financial Group reduced their price target on SIG from GBX 9.40 to GBX 9 and set a “hold” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 8.50.

SIG Price Performance

Shares of LON SHI opened at GBX 7.79 on Wednesday. SIG has a 1-year low of GBX 7.47 and a 1-year high of GBX 18. The business has a 50-day moving average of GBX 8.84 and a 200-day moving average of GBX 9.22. The company has a debt-to-equity ratio of 499.09, a current ratio of 1.52 and a quick ratio of 1.10. The company has a market capitalization of £90.03 million, a price-to-earnings ratio of -1.42, a PEG ratio of 1.29 and a beta of 0.84.

SIG (LON:SHI) last issued its earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. On average, equities analysts anticipate that SIG will post 4.1880342 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ian Ashton sold 486,004 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total value of £38,880.32. Corporate insiders own 0.97% of the company’s stock.

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.