Insider Buying: SIG plc (SHI) Insider Buys £65,520 in Stock

SIG plc (LON:SHI) insider Meinie Oldersma acquired 39,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was bought at an average price of GBX 168 ($2.26) per share, for a total transaction of £65,520 ($88,183.04).

Shares of SIG plc (LON:SHI) opened at GBX 171.30 ($2.31) on Thursday. SIG plc has a 1-year low of GBX 89.50 ($1.20) and a 1-year high of GBX 184.90 ($2.49).

SHI has been the topic of several analyst reports. Barclays initiated coverage on shares of SIG in a research note on Monday, November 27th. They set an “underweight” rating and a GBX 155 ($2.09) price target on the stock. Liberum Capital restated a “sell” rating and set a GBX 157 ($2.11) price target on shares of SIG in a research note on Tuesday, November 14th. Peel Hunt restated a “buy” rating and set a GBX 185 ($2.49) price target on shares of SIG in a research note on Tuesday, November 21st. Deutsche Bank increased their price target on shares of SIG from GBX 155 ($2.09) to GBX 163 ($2.19) and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Shore Capital restated a “buy” rating on shares of SIG in a research note on Tuesday, November 21st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. SIG presently has a consensus rating of “Hold” and a consensus target price of GBX 147.36 ($1.98).

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About SIG

SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors.

Insider Buying and Selling by Quarter for SIG (LON:SHI)

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