Insider Buying: SIG (LON:SHI) Insider Purchases £18,000 in Stock

SIG plc (LON:SHI) insider Simon Kesterton bought 200,000 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was purchased at an average price of GBX 9 per share, with a total value of £18,000.

SIG Price Performance

Shares of LON SHI opened at GBX 9.30 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.10 and a debt-to-equity ratio of 597.00. The company has a market capitalization of £107.49 million, a price-to-earnings ratio of -2.11, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68. SIG plc has a twelve month low of GBX 6.72 and a twelve month high of GBX 11. The business has a 50 day simple moving average of GBX 9.16 and a 200-day simple moving average of GBX 8.62.

SIG (LON:SHI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share (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 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 5 price objective on shares of SIG in a research note on Friday, August 7th. Jefferies Financial Group lifted their target price 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. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 14 target price on shares of SIG in a report on Tuesday, August 4th. One investment 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. According to data from MarketBeat.com, SIG currently has a consensus rating of “Hold” and a consensus price target of GBX 9.15.

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.