SIG (LON:SHI) Shares Up 13.6% - Here's Why

SIG plc (LON:SHI - Get Free Report) shares were up 13.6% during mid-day trading on Thursday . The stock traded as high as GBX 18 ($0.24) and last traded at GBX 18 ($0.24). Approximately 1,914,845 shares were traded during trading, an increase of 3% from the average daily volume of 1,855,842 shares. The stock had previously closed at GBX 15.84 ($0.21).

Analysts Set New Price Targets

Separately, Citigroup lowered their target price on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a "buy" rating on the stock in a report on Thursday, March 6th.

SIG Trading Down 10.6%

The company has a market cap of £192.20 million, a price-to-earnings ratio of -3.02, a PEG ratio of 1.29 and a beta of 1.93. The company has a current ratio of 1.57, a quick ratio of 1.10 and a debt-to-equity ratio of 268.81. The business's 50 day moving average price is GBX 13.08 and its 200-day moving average price is GBX 15.86.

SIG (LON:SHI - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. On average, equities analysts anticipate that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insider Buying and Selling

In other SIG news, insider Ian Ashton sold 470,273 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($81,232.38). Also, insider Kath Durrant purchased 92,518 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($15,981.05). 18.32% of the stock is owned by company insiders.

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.