SIG (LON:SHI) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• SIG shares fell below their 200-day moving average of GBX 8.65, reaching GBX 8.56 before last trading at GBX 8.74 on volume of about 1.47 million shares.
• Analyst sentiment remains mixed, with ratings of one Buy, two Holds and one Sell. The consensus rating is Hold, with an average price target of GBX 8.97.
• The company reported a quarterly loss of GBX 1.90 per share and continues to show weak profitability, including a negative 46.37% return on equity and a negative 1.98% net margin.

SIG plc (LON:SHI - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8.65 and traded as low as GBX 8.56. SIG shares last traded at GBX 8.74, with a volume of 1,473,054 shares trading hands.

Analyst Upgrades and Downgrades

SHI has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 8.90 target price on shares of SIG in a report on Wednesday, August 5th. Peel Hunt restated a "buy" rating and set a GBX 14 price target on shares of SIG in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and set a GBX 5 price target on shares of SIG in a research report on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price objective on SIG from GBX 8.70 to GBX 8 and set a "sector perform" rating for the company in a report on Wednesday, April 29th. 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 8.97.

SIG Trading Up 2.3%

The company has a debt-to-equity ratio of 597.00, a quick ratio of 1.10 and a current ratio of 1.36. The stock's 50-day simple moving average is GBX 8.33 and its 200-day simple moving average is GBX 8.65. The firm has a market capitalization of £101.01 million, a PE ratio of -1.59, a P/E/G ratio of 1.29 and a beta of 0.68.

SIG (LON:SHI - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts expect that SIG plc will post 4.1880342 EPS for the current fiscal year.

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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