SIG (LON:SHI) Share Price Passes Below 200-Day Moving Average – Time to Sell?

SIG plc (LON:SHI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8.99 and traded as low as GBX 7.90. SIG shares last traded at GBX 7.90, with a volume of 317,221 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group cut their price target on SIG from GBX 9 to GBX 8.90 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 8.45.

SIG Price Performance

The firm’s fifty day simple moving average is GBX 8.21 and its 200-day simple moving average is GBX 8.98. The firm has a market capitalization of £101.13 million, a PE ratio of -1.59, a PEG ratio of 1.29 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09.

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. 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.