SIG (LON:SHI) Stock Price Up 8.2% – What’s Next?

SIG plc (LON:SHI) rose 8.2% during trading on Friday. The stock traded as high as GBX 9.50 and last traded at GBX 9.20. 796,181 shares were traded during trading, a decline of 28% from the average daily volume of 1,105,219 shares. The stock had previously closed at GBX 8.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SHI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 5 price objective on shares of SIG in a research report on Friday, August 7th. Peel Hunt reissued a “buy” rating and issued a GBX 14 target price on shares of SIG in a report on Tuesday, August 4th. Finally, Jefferies Financial Group raised their price target on SIG from GBX 8.90 to GBX 9.60 and gave the company a “hold” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 9.15.

SIG Stock Up 8.2%

The firm’s 50-day moving average price is GBX 9.11 and its two-hundred day moving average price is GBX 8.59. The company has a debt-to-equity ratio of 597.00, a quick ratio of 1.10 and a current ratio of 1.36. The firm has a market cap of £106.33 million, a PE ratio of -2.09, a P/E/G ratio of 1.29 and a beta of 0.68.

SIG (LON:SHI) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX (1.90) EPS 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 EPS 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.