SIG (LON:SHI) Trading Up 7.5%

Shares of SIG plc (LON:SHI) rose 7.5% on Tuesday . The stock traded as high as GBX 24.30 ($0.31) and last traded at GBX 24.30 ($0.31). Approximately 436,918 shares changed hands during trading, a decline of 55% from the average daily volume of 972,286 shares. The stock had previously closed at GBX 22.60 ($0.29).

Wall Street Analyst Weigh In

Several equities research analysts have commented on SHI shares. Royal Bank of Canada dropped their price target on shares of SIG from GBX 3,300 ($42.13) to GBX 3,200 ($40.86) and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a “sell” rating for the company in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group decreased their price target on shares of SIG from GBX 27.10 ($0.35) to GBX 24.10 ($0.31) and set a “hold” rating on the stock in a research report on Thursday, June 27th.

SIG Trading Up 3.8 %

The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 258.95. The stock has a market cap of £284.20 million, a price-to-earnings ratio of -612.50, a P/E/G ratio of 1.29 and a beta of 1.93. The company has a fifty day simple moving average of GBX 25.42 and a 200-day simple moving average of GBX 27.91.

About SIG

SIG plc supplies specialist insulation and sustainable building products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland. It offers insulation and interiors products, such as structural and technical insulations, construction accessories and fixings, cladding and façade systems, dry lining, ceiling tiles and grids, partition walls and door sets, and floor coverings, as well as accessories, including tools and fixings, ventilation, access equipment, and safety products.