Jefferies Financial Group Issues Pessimistic Forecast for SIG (LON:SHI) Stock Price

Key Points

• Jefferies cut its price target for SIG from GBX 960 to GBX 940 and maintained a "hold" rating, indicating a modestly pessimistic outlook on the stock.
• SIG shares rose about 3.1% to GBX 9.90 on Thursday, but the company still shows weak fundamentals—market cap £114.9m, negative PE (-1.65), a 12‑month low of GBX 8.28, and a very high debt-to-equity ratio (409.79).
• Insider Petrus R. M. Vervaat bought 500,000 shares at GBX 10 on Jan. 14 (insiders own 0.97%), signaling insider buying despite the company's weak recent results.

SIG (LON:SHI - Get Free Report) had its price target reduced by stock analysts at Jefferies Financial Group from GBX 960 to GBX 940 in a research note issued on Thursday, MarketBeat reports. The firm currently has a "hold" rating on the stock.

SIG Stock Up 3.1%

SHI stock traded up GBX 0.30 during mid-day trading on Thursday, hitting GBX 9.90. 567,030 shares of the company were exchanged, compared to its average volume of 1,784,625. The firm has a fifty day simple moving average of GBX 9.85 and a 200 day simple moving average of GBX 9.62. The company has a market capitalization of £114.93 million, a PE ratio of -1.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. SIG has a twelve month low of GBX 8.28 and a twelve month high of GBX 18. The company has a current ratio of 1.49, a quick ratio of 1.10 and a debt-to-equity ratio of 409.79.

SIG (LON:SHI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX (2) EPS for the quarter. SIG had a negative return on equity of 41.96% and a negative net margin of 2.65%. On average, research analysts forecast that SIG will post 4.1880342 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Petrus R. M. Vervaat acquired 500,000 shares of SIG stock in a transaction that occurred on Wednesday, January 14th. The shares were purchased at an average cost of GBX 10 per share, for a total transaction of £50,000. Corporate insiders own 0.97% of the company's stock.

SIG Company Profile

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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