SIG (LON:SHI) Trading 13.6% Higher - Still a Buy?

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

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price objective on SIG from GBX 17 ($0.22) to GBX 14 ($0.18) and set a "buy" rating on the stock in a report on Thursday, March 6th.

SIG Price Performance

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 company has a market cap of £195.47 million, a P/E ratio of -3.07, a PEG ratio of 1.29 and a beta of 1.93. The business's fifty day moving average is GBX 13.17 and its 200 day moving average is GBX 15.75.

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

Insider Buying and Selling at SIG

In other SIG news, insider Kath Durrant acquired 92,518 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($15,846.30). Also, insider Ian Ashton sold 470,273 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($80,547.42). 18.32% of the stock is currently owned by corporate insiders.

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.