SIG (LON:SHI) Stock Falls 9.8% – Here’s What Happened

Shares of SIG plc (LON:SHI) were down 9.8% on Thursday. The company traded as low as GBX 8.50 and last traded at GBX 8.50. 595,511 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,106,854 shares. The stock had previously closed at GBX 9.42.

Analyst Upgrades and Downgrades

SHI has been the topic of several recent research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 14 price objective on shares of SIG in a research report on Tuesday, August 4th. Jefferies Financial Group lifted their target price on shares of SIG from GBX 8.90 to GBX 9.60 and gave the stock a “hold” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 5 price target on shares of SIG in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 9.15.

SIG Stock Down 9.8%

The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00. The firm has a market cap of £98.24 million, a PE ratio of -1.93, a P/E/G ratio of 1.29 and a beta of 0.68. The firm’s 50 day moving average is GBX 9.10 and its 200-day moving average is GBX 8.59.

SIG (LON:SHI) last released its earnings results on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. As a group, equities research analysts expect that SIG plc 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. 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.