SIG (LON:SHI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

SIG plc (LON:SHI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8.60 and traded as high as GBX 9.50. SIG shares last traded at GBX 9.43, with a volume of 1,374,303 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHI. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 5 target price on shares of SIG in a research report on Friday, August 7th. Jefferies Financial Group boosted their price objective on shares of SIG from GBX 8.90 to GBX 9.60 and gave the stock a “hold” rating in a research note on Friday, August 21st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 14 price objective on shares of SIG in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 9.15.

SIG Price Performance

The firm has a market cap of £108.99 million, a price-to-earnings ratio of -1.71, a P/E/G ratio of 1.29 and a beta of 0.68. The business’s 50-day simple moving average is GBX 8.46 and its two-hundred day simple moving average is GBX 8.60. The company has a current ratio of 1.36, a quick ratio of 1.10 and a debt-to-equity ratio of 597.00.

SIG (LON:SHI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX (1.90) earnings per share for the quarter. SIG had a negative return on equity of 46.37% and a negative net margin of 1.98%. As a group, research analysts expect that SIG plc will post 4.1880342 EPS for the current fiscal year.

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.