SIG plc (LON:SHI – Get Free Report)’s share price was down 14.1% during mid-day trading on Monday . The stock traded as low as GBX 20.65 ($0.26) and last traded at GBX 23.48 ($0.30). Approximately 10,899,124 shares changed hands during mid-day trading, an increase of 940% from the average daily volume of 1,047,994 shares. The stock had previously closed at GBX 27.35 ($0.35).
Analysts Set New Price Targets
Separately, Royal Bank of Canada lowered their target price on shares of SIG from GBX 3,300 ($41.93) to GBX 3,200 ($40.66) and set a “sector perform” rating for the company in a report on Friday, May 3rd.
SIG Stock Down 13.1 %
Insider Activity at SIG
In related news, insider Shatish D. Dasani acquired 70,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of GBX 29 ($0.37) per share, for a total transaction of £20,300 ($25,794.16). In other SIG news, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were acquired at an average price of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,794.16). Also, insider Ian Ashton sold 469,520 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of GBX 28 ($0.36), for a total transaction of £131,465.60 ($167,046.51). 18.50% of the stock is currently owned by company insiders.
About SIG
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.
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