SIG (LON:SHI) PT Lowered to GBX 24.10

SIG (LON:SHI) had its target price cut by Jefferies Financial Group from GBX 27.10 ($0.34) to GBX 24.10 ($0.31) in a research report issued on Thursday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 4.37% from the stock’s current price.

Several other brokerages have also recently issued reports on SHI. Deutsche Bank Aktiengesellschaft dropped their target price on SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a “sell” rating on the stock in a research report on Tuesday. Royal Bank of Canada dropped their price objective on SIG from GBX 3,300 ($41.86) to GBX 3,200 ($40.59) and set a “sector perform” rating on the stock in a research report on Friday, May 3rd.

SIG Price Performance

LON SHI opened at GBX 25.20 ($0.32) on Thursday. The company has a market cap of £292.32 million, a PE ratio of -630.00, a P/E/G ratio of 1.29 and a beta of 1.90. The firm’s 50 day moving average price is GBX 27.43 and its 200-day moving average price is GBX 29.75. The company has a debt-to-equity ratio of 258.95, a quick ratio of 1.10 and a current ratio of 1.67. SIG has a 52-week low of GBX 20.65 ($0.26) and a 52-week high of GBX 39.36 ($0.50).

Insider Activity at SIG

In other SIG news, insider Shatish D. Dasani purchased 70,000 shares of SIG stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,751.62). In other SIG news, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction on Friday, April 12th. The stock was acquired at an average price of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,751.62). Also, insider Ian Ashton sold 469,520 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of GBX 28 ($0.36), for a total transaction of £131,465.60 ($166,771.03). 18.50% of the stock is currently owned by corporate insiders.

About SIG

SIG plc supplies specialist insulation and sustainable building products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland. It offers insulation and interiors products, such as structural and technical insulations, construction accessories and fixings, cladding and façade systems, dry lining, ceiling tiles and grids, partition walls and door sets, and floor coverings, as well as accessories, including tools and fixings, ventilation, access equipment, and safety products.