SIG (LON:SHI) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

SIG plc (LON:SHI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.08 and traded as low as GBX 7.68. SIG shares last traded at GBX 8.20, with a volume of 583,595 shares.

Analyst Upgrades and Downgrades

SHI has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group reduced their price objective on SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SIG has a consensus rating of “Hold” and a consensus target price of GBX 8.45.

SIG Stock Up 1.5%

The stock’s fifty day moving average price is GBX 8.35 and its 200-day moving average price is GBX 9.08. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09. The company has a market capitalization of £94.77 million, a price-to-earnings ratio of -1.49, a P/E/G ratio of 1.29 and a beta of 0.73.

Insider Transactions 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. Insiders own 1.15% 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.