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

SIG (LON:SHI) had its price objective cut by analysts at Citigroup from GBX 17 ($0.22) to GBX 14 ($0.18) in a research note issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 6.71% from the stock’s previous close.

SIG Trading Up 7.9 %

SHI traded up GBX 0.96 ($0.01) on Thursday, hitting GBX 13.12 ($0.17). 3,367,677 shares of the company were exchanged, compared to its average volume of 1,494,140. The company has a debt-to-equity ratio of 268.81, a quick ratio of 1.10 and a current ratio of 1.57. The firm has a fifty day simple moving average of GBX 14.49 and a two-hundred day simple moving average of GBX 18.69. The stock has a market capitalization of £156.62 million, a PE ratio of -2.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. SIG has a 12 month low of GBX 11.06 ($0.14) and a 12 month high of GBX 31 ($0.40).

SIG (LON:SHI) last posted its quarterly earnings data 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%. Sell-side analysts expect that SIG will post 4.1880342 earnings per share 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.