SIG (LON:SHI) Share Price Passes Below 200 Day Moving Average of $0.00

SIG plc (LON:SHI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $129.00. SIG shares last traded at $129.20, with a volume of 613,656 shares trading hands.

A number of equities research analysts recently weighed in on SHI shares. UBS Group restated a “sell” rating on shares of SIG in a research note on Friday, June 28th. Berenberg Bank cut their price objective on shares of SIG from GBX 140 ($1.83) to GBX 135 ($1.76) and set a “hold” rating on the stock in a research note on Tuesday, July 9th. Jefferies Financial Group cut their price objective on shares of SIG from GBX 148 ($1.93) to GBX 145 ($1.89) and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Bank of America restated a “buy” rating on shares of SIG in a research note on Tuesday, July 16th. Finally, Shore Capital restated a “buy” rating on shares of SIG in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 140.71 ($1.84).

The stock has a fifty day moving average price of GBX 129.70. The stock has a market capitalization of $764.88 million and a PE ratio of 43.07. The company has a debt-to-equity ratio of 59.65, a current ratio of 1.52 and a quick ratio of 0.97.

About SIG (LON:SHI)

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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