SIG (LON:SHI) Stock Jumps 8.2% – Time to Buy?

SIG plc (LON:SHI) shares traded up 8.2% on Friday. The company traded as high as GBX 9.50 and last traded at GBX 9.20. Approximately 796,181 shares traded hands 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.

Analysts Set New Price Targets

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

SIG Stock Performance

The stock has a market capitalization of £106.33 million, a PE ratio of -2.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68. The stock has a fifty day moving average of GBX 9.11 and a 200-day moving average of GBX 8.59. The company has a quick ratio of 1.10, a current ratio of 1.36 and a debt-to-equity ratio of 597.00.

SIG (LON:SHI) last released its 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%. Equities analysts anticipate 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.