Is SIG plc a Sell? The Stock Declines Again

 Is SIG plc a Sell? The Stock Declines Again

The stock of SIG plc (LON:SHI) is a huge mover today! The stock decreased 20.50% or GBX 23.74 on November 11, hitting GBX 92.06. About 25.61 million shares traded hands or 1149.27% up from the average. SIG plc (LON:SHI) has declined 36.58% since April 14, 2016 and is downtrending. It has underperformed by 42.73% the S&P500.
The move comes after 9 months negative chart setup for the GBX 558.91 million company. It was reported on Nov, 11 by Barchart.com. We have GBX 84.70 PT which if reached, will make LON:SHI worth GBX 44.71 million less.

SIG plc (LON:SHI) Ratings Coverage

Out of 16 analysts covering SIG PLC (LON:SHI), 5 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 31% are positive. SIG PLC has been the topic of 101 analyst reports since July 24, 2015 according to StockzIntelligence Inc. J.P. Morgan maintained SIG plc (LON:SHI) rating on Wednesday, March 9. J.P. Morgan has “Neutral” rating and GBX 150 price target. Liberum Capital maintained SIG plc (LON:SHI) rating on Monday, February 1. Liberum Capital has “Hold” rating and GBX 135 price target. The rating was maintained by Panmure Gordon with “Buy” on Thursday, October 22. Liberum Capital maintained it with “Hold” rating and GBX 110 target price in Thursday, July 14 report. The stock of SIG plc (LON:SHI) has “Hold” rating given on Friday, November 11 by Peel Hunt. The stock of SIG plc (LON:SHI) earned “Hold” rating by Deutsche Bank on Monday, September 7. The stock has “Hold” rating given by Liberum Capital on Thursday, May 12. The firm earned “Hold” rating on Friday, July 24 by Deutsche Bank. The firm has “Buy” rating given on Friday, October 23 by Stifel Nicolaus. The stock has “Neutral” rating given by JP Morgan on Friday, August 14.

Another recent and important SIG plc (LON:SHI) news was published by Uk.Finance.Yahoo.com which published an article titled: “PEG Ratio (5 yr expected):” on March 30, 2014.

SIG plc is a United Kingdom-based distributor of building products in Europe. The company has a market cap of 558.91 million GBP. The Firm is engaged in the supply of specialist products to construction and related markets. It has a 11.86 P/E ratio. It operates in two divisions: UK & Ireland and Mainland Europe.

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