SIG plc (LON:SHI - Get Free Report) shot up 13.6% on Thursday . The company 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).
Analyst Upgrades and Downgrades
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 for the company in a research note on Thursday, March 6th.
Read Our Latest Analysis on SHI
SIG Stock Up 0.5%
The firm has a market cap of £194.11 million, a PE ratio of -3.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. The company has a quick ratio of 1.10, a current ratio of 1.57 and a debt-to-equity ratio of 268.81. The business has a 50-day moving average price of GBX 13.23 and a two-hundred day moving average price of GBX 15.69.
SIG (LON:SHI - Get Free Report) last issued its quarterly 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 research analysts expect that SIG plc will post 4.1880342 EPS for the current year.
Insiders Place Their Bets
In other news, insider Ian Ashton sold 470,273 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($81,362.11). Also, insider Kath Durrant purchased 92,518 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($16,006.57). 18.32% of the stock is currently owned by company insiders.
About SIG
(
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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.
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