SIG (LON:SHI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

SIG plc (LON:SHI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.86 and traded as low as GBX 6.72. SIG shares last traded at GBX 8.25, with a volume of 2,745,684 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on SHI shares. Royal Bank Of Canada lowered their target price on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group decreased their price target on SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SIG currently has an average rating of “Hold” and an average price target of GBX 8.45.

SIG Stock Performance

The stock’s 50-day moving average price is GBX 8.24 and its 200 day moving average price is GBX 8.85. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09. The company has a market cap of £95.35 million, a P/E ratio of -1.50, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67.

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.