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

Key Points

• SIG insider Simon Kesterton purchased 200,000 shares at GBX 9 each, for a total investment of £18,000.
• SIG shares traded at approximately GBX 9.23, with a market capitalization of £106.68 million. The company recently reported a quarterly loss of GBX 1.90 per share and continues to have negative profitability metrics.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of GBX 9.15; targets range from GBX 5 to GBX 14.

SIG plc (LON:SHI - Get Free Report) insider Simon Kesterton purchased 200,000 shares of the business's stock in a transaction dated Friday, October 2nd. The shares were acquired at an average price of GBX 9 per share, with a total value of £18,000.

SIG Stock Performance

Shares of SIG stock traded up GBX 0.03 during midday trading on Monday, hitting GBX 9.23. The company had a trading volume of 1,186,252 shares, compared to its average volume of 1,105,643. SIG plc has a 1-year low of GBX 6.72 and a 1-year high of GBX 11. The business's 50 day simple moving average is GBX 9.12 and its two-hundred day simple moving average is GBX 8.60. The stock has a market cap of £106.68 million, a PE ratio of -2.10, a P/E/G ratio of 1.29 and a beta of 0.68. The company has a debt-to-equity ratio of 597.00, a current ratio of 1.36 and a quick ratio of 1.10.

SIG (LON:SHI - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported GBX (1.90) EPS for the quarter. SIG had a negative net margin of 1.98% and a negative return on equity of 46.37%. As a group, equities analysts predict that SIG plc will post 4.1880342 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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