SIG (LON:SHI) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• SIG shares passed below its 200-day moving average (200‑day MA GBX 9.32), trading as low as GBX 8.26 and last at GBX 8.53 on volume of 143,100 shares.
• Analysts remain cautious—Jefferies cut its target from GBX 960 to GBX 940 and the consensus rating is a Hold with a target of GBX 940—while the company shows negative earnings (EPS -2p last quarter), negative margins and a very high debt-to-equity ratio (~499%).
• Insider activity is mixed: Ian Ashton sold 238,460 shares at GBX 8 and Petrus R.M. Vervaat purchased 500,000 shares at GBX 10, with insiders owning about 0.97% of the stock.

SIG plc (LON:SHI - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 9.32 and traded as low as GBX 8.26. SIG shares last traded at GBX 8.53, with a volume of 143,100 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their price objective on shares of SIG from GBX 960 to GBX 940 and set a "hold" rating on the stock in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 940.

SIG Stock Up 5.2%

The firm has a market capitalization of £103.67 million, a P/E ratio of -1.63, a PEG ratio of 1.29 and a beta of 0.79. The firm's 50-day moving average is GBX 9.21 and its 200 day moving average is GBX 9.32. The company has a debt-to-equity ratio of 499.09, a quick ratio of 1.10 and a current ratio of 1.52.

SIG (LON:SHI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX (2) EPS for the quarter. SIG had a negative net margin of 2.47% and a negative return on equity of 47.73%. As a group, equities research analysts predict that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insider Buying and Selling at SIG

In other SIG news, insider Ian Ashton sold 238,460 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of GBX 8, for a total transaction of £19,076.80. Also, insider Petrus R. M. Vervaat purchased 500,000 shares of the business's stock in a transaction on Wednesday, January 14th. The shares were acquired at an average cost of GBX 10 per share, for a total transaction of £50,000. Insiders own 0.97% of the company's stock.

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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