Royal Bank of Canada Trims SIG (LON:SHI) Target Price to GBX 3,200

SIG (LON:SHI) had its target price lowered by analysts at Royal Bank of Canada from GBX 3,300 ($41.45) to GBX 3,200 ($40.20) in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “sector perform” rating on the stock.

SIG Stock Performance

LON:SHI opened at GBX 26.50 ($0.33) on Friday. The firm has a market capitalization of £307.40 million, a PE ratio of -662.50, a PEG ratio of 1.29 and a beta of 1.91. SIG has a 1 year low of GBX 25.35 ($0.32) and a 1 year high of GBX 44 ($0.55). 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 firm’s fifty day simple moving average is GBX 28.73 and its 200 day simple moving average is GBX 30.08.

Insider Activity

In other news, insider Ian Ashton sold 469,520 shares of SIG stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 28 ($0.35), for a total value of £131,465.60 ($165,137.04). In related news, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of GBX 29 ($0.36) per share, for a total transaction of £20,300 ($25,499.31). Also, insider Ian Ashton sold 469,520 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of GBX 28 ($0.35), for a total transaction of £131,465.60 ($165,137.04). 19.48% of the stock is currently owned by company insiders.

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.