SIG (LON:SHI) Given “Sell” Rating at UBS Group

UBS Group restated their sell rating on shares of SIG (LON:SHI) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 88 ($1.15) target price on the stock, down from their previous target price of GBX 93 ($1.22).

Other equities research analysts have also issued research reports about the company. Shore Capital reaffirmed an under review rating on shares of SIG in a research note on Monday, October 7th. Bank of America reaffirmed a buy rating on shares of SIG in a research note on Tuesday, July 16th. Berenberg Bank dropped their price target on SIG from GBX 140 ($1.83) to GBX 135 ($1.76) and set a hold rating for the company in a research note on Tuesday, July 9th. Liberum Capital reaffirmed a buy rating on shares of SIG in a research note on Monday, October 7th. Finally, Canaccord Genuity dropped their price target on SIG from GBX 138 ($1.80) to GBX 133 ($1.74) and set a hold rating for the company in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 134.57 ($1.76).

Shares of SHI stock opened at GBX 109 ($1.42) on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.30 and a debt-to-equity ratio of 136.88. The business has a 50-day moving average price of GBX 122.35 and a two-hundred day moving average price of GBX 132.13. SIG has a 12-month low of GBX 87.60 ($1.14) and a 12-month high of GBX 153.90 ($2.01). The firm has a market cap of $644.80 million and a P/E ratio of 155.71.

The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a GBX 1.25 ($0.02) dividend. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, October 3rd. SIG’s dividend payout ratio (DPR) is presently 5.71%.

In related news, insider Andrew Allner bought 6,000 shares of the stock in a transaction dated Tuesday, October 8th. The stock was bought at an average price of GBX 100 ($1.31) per share, with a total value of £6,000 ($7,840.06). In the last three months, insiders bought 6,236 shares of company stock valued at $629,972.

About SIG

SIG plc engages in the distribution and merchant of specialist building products for the construction and related markets in the United Kingdom, Ireland, and Mainland Europe. It offers insulation and energy management products, such as structural and technical insulations, dry linings, construction accessories, fixings, air handling systems, and modular housing systems.

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Analyst Recommendations for SIG (LON:SHI)

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