Deutsche Bank Aktiengesellschaft Cuts SIG (LON:SHI) Price Target to GBX 21

SIG (LON:SHI) had its target price lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 23 ($0.29) to GBX 21 ($0.27) in a note issued to investors on Tuesday, Digital Look reports. The brokerage currently has a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 18.50% from the company’s previous close.

Separately, Royal Bank of Canada dropped their price objective on shares of SIG from GBX 3,300 ($41.86) to GBX 3,200 ($40.59) and set a “sector perform” rating on the stock in a research report on Friday, May 3rd.

SIG Trading Down 0.5 %

SIG stock opened at GBX 25.77 ($0.33) on Tuesday. The stock has a 50-day moving average price of GBX 27.51 and a 200 day moving average price of GBX 29.81. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 258.95. SIG has a 52 week low of GBX 20.65 ($0.26) and a 52 week high of GBX 39.36 ($0.50). The company has a market capitalization of £298.90 million, a price-to-earnings ratio of -644.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.90.

Insider Activity

In other news, insider Ian Ashton sold 469,520 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 28 ($0.36), for a total transaction of £131,465.60 ($166,771.03). In other SIG news, insider Ian Ashton sold 469,520 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 28 ($0.36), for a total transaction of £131,465.60 ($166,771.03). Also, insider Shatish D. Dasani acquired 70,000 shares of SIG stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,751.62). 18.50% of the stock is owned by insiders.

SIG Company Profile

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.