SIG (LON:SHI) Stock: Insider Simon Kesterton Acquires 100,000 Shares

Key Points

• Insider purchase: SIG director Simon Kesterton bought 100,000 shares at GBX 9 each, worth £9,000, following a 200,000-share purchase earlier in October.
• Stock and financial position: SIG shares traded around GBX 9, with a £104.02 million market capitalization. The company reported negative quarterly earnings, a negative net margin, and substantial debt relative to equity.
• Analyst outlook: Ratings are mixed—one Buy, two Holds, and one Sell—with a consensus rating of Hold and an average price target of GBX 9.15.

SIG plc (LON:SHI - Get Free Report) insider Simon Kesterton acquired 100,000 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average price of GBX 9 per share, with a total value of £9,000.

Simon Kesterton also recently made the following trade(s):

• On Friday, October 2nd, Simon Kesterton purchased 200,000 shares of SIG stock. The shares were bought at an average price of GBX 9 per share, for a total transaction of £18,000.

SIG Stock Performance

Shares of LON SHI traded up GBX 0.02 during trading hours on Wednesday, hitting GBX 9. 211,581 shares of the stock were exchanged, compared to its average volume of 1,117,240. The company has a debt-to-equity ratio of 597.00, a current ratio of 1.36 and a quick ratio of 1.10. The company's 50 day moving average is GBX 9.19 and its 200 day moving average is GBX 8.64. The firm has a market capitalization of £104.02 million, a P/E ratio of -2.05, a P/E/G ratio of 1.29 and a beta of 0.68. SIG plc has a one year low of GBX 6.72 and a one year high of GBX 11.

SIG (LON:SHI - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative net margin of 1.98% and a negative return on equity of 46.37%. On average, research analysts expect that SIG plc will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

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

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