Citigroup Has Lowered Expectations for SIG (LON:SHI) Stock Price

SIG (LON:SHI) had its price objective dropped by equities research analysts at Citigroup from GBX 17 ($0.22) to GBX 14 ($0.18) in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 6.06% from the stock’s previous close.

SIG Stock Performance

LON SHI opened at GBX 13.20 ($0.17) on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.10 and a debt-to-equity ratio of 268.81. The firm has a market capitalization of £157.58 million, a price-to-earnings ratio of -2.48, a P/E/G ratio of 1.29 and a beta of 1.93. The firm’s 50 day simple moving average is GBX 14.33 and its 200 day simple moving average is GBX 18.57. SIG has a 1 year low of GBX 11.06 ($0.14) and a 1 year high of GBX 31 ($0.40).

SIG (LON:SHI) last issued its earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.25)) earnings per share for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. As a group, research analysts expect that SIG will post 4.1880342 earnings per share for the current fiscal year.

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.