SIG (LON:SHI) Price Target Raised to GBX 9.60 at Jefferies Financial Group

Key Points

• Jefferies raised SIG’s price target from GBX 8.90 to GBX 9.60 while maintaining a “hold” rating, implying 11.61% potential upside from the prior close.
• Analyst views remain mixed: the stock has one “buy,” two “hold,” and one “sell” rating, producing a consensus “hold” rating and average target price of GBX 9.15.
• SIG shares fell 3.6% to open at GBX 8.60. The company reported quarterly earnings of negative GBX 1.90 per share and continues to show weak profitability, including a negative 46.37% return on equity.

SIG (LON:SHI - Get Free Report) had its price objective lifted by Jefferies Financial Group from GBX 8.90 to GBX 9.60 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 11.61% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Peel Hunt reiterated a "buy" rating and issued a GBX 14 price target on shares of SIG in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a GBX 5 price objective on shares of SIG in a research report on Friday, August 7th. Finally, Royal Bank Of Canada decreased their target price on SIG from GBX 8.70 to GBX 8 and set a "sector perform" rating on the stock in a research report on Wednesday, April 29th. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 9.15.

SIG Trading Down 3.6%

SIG stock opened at GBX 8.60 on Friday. The stock has a market cap of £99.41 million, a P/E ratio of -1.56, a PEG 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 has a 1 year low of GBX 6.72 and a 1 year high of GBX 12. The firm's 50 day moving average price is GBX 8.36 and its 200-day moving average price is GBX 8.62.

SIG (LON:SHI - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. On average, equities analysts predict that SIG 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.

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