SIG (LON:SHI) Shares Down 6.4%

Shares of SIG plc (LON:SHI - Get Free Report) were down 6.4% on Monday . The stock traded as low as GBX 22.50 ($0.29) and last traded at GBX 22.60 ($0.29). Approximately 548,820 shares traded hands during trading, a decline of 44% from the average daily volume of 975,660 shares. The stock had previously closed at GBX 24.15 ($0.31).Analysts Set New Price TargetsSHI has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on SIG from GBX 27.10 ($0.35) to GBX 24.10 ($0.31) and set a "hold" rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reduced their price objective on SIG from GBX 3,300 ($42.13) to GBX 3,200 ($40.86) and set a "sector perform" rating on the stock in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of SIG from GBX 23 ($0.29) to GBX 21 ($0.27) and set a "sell" rating for the company in a research note on Tuesday, June 25th.Check Out Our Latest Report on SIGSIG Trading Down 6.4 %The firm has a 50-day moving average of GBX 25.77 and a 200 day moving average of GBX 28.09. 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 stock has a market capitalization of £262.16 million, a price-to-earnings ratio of -578.75, a PEG ratio of 1.29 and a beta of 1.93. SIG Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than SIGWhy Are These Companies Considered Blue Chips?How to Invest in Silver: A Beginner's GuideTop Biotech Stocks: Exploring Innovation OpportunitiesMonday.com's Stock Results Will Brighten Any Investor's WeekBreakout Stocks: What They Are and How to Identify Them3 Must-Watch Stocks After a Bullish Goldman Sachs RecommendationThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Do you have “this” much money? (From DTI) (Ad)Should you invest $1,000 in SIG right now?Before you consider SIG, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SIG wasn't on the list.While SIG currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here