SIG (LON:SHI) Price Target Lowered to GBX 14 at Citigroup

SIG (LON:SHI) had its price target reduced by Citigroup from GBX 17 ($0.22) to GBX 14 ($0.18) in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 6.71% from the stock’s current price.

SIG Stock Up 7.9 %

SHI stock traded up GBX 0.96 ($0.01) during trading on Thursday, hitting GBX 13.12 ($0.17). 3,367,677 shares of the stock traded hands, compared to its average volume of 1,494,140. The stock has a market cap of £156.62 million, a price-to-earnings ratio of -2.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10. SIG has a 1 year low of GBX 11.06 ($0.14) and a 1 year high of GBX 31 ($0.40). The firm’s 50 day moving average is GBX 14.49 and its two-hundred day moving average is GBX 18.69.

SIG (LON:SHI) last announced its quarterly earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.25)) earnings per share for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. On average, sell-side analysts anticipate that SIG will post 4.1880342 EPS for the current year.

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.