SIG (SHI)

Sector:

Support

Index:

FTSE Small Cap

49.02p
   
  • Change Today:
    -2.18p
  • 52 Week High: 63.55p
  • 52 Week Low: 28.76p
  • Currency: UK Pounds
  • Shares Issued: 1,181.56m
  • Volume: 546,828
  • Market Cap: £579.20m
  • RiskGrade: 250
  • Beta: 1.46

Liberum upgrades SIG to 'buy', says recovery 'just getting started'

By Iain Gilbert

Date: Friday 10 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum upgraded insulation and construction products supplier SIG from 'hold' to 'buy' on Friday, stating the firm's recovery was "just getting started".
Liberum, which also hiked its target price on the stock from 55.0p to 65.0p, stated that SIG's share price could double if its new management team delivers on its growth strategy and also highlighted that there was "material margin upside" to be delivered if the firm's recent sales momentum continues.

The analysts also think the market has missed "the step change in momentum" brought about by SIG's boardroom shakeup and strategic partner.

"Our analysis of the sector shows management's targets are achievable. SIG is well placed to go for growth. It has a strong balance sheet, an incentivised strategic partner and has supportive regulatory tailwinds," said Liberum.

"SIG's valuation is too cautious if the sales momentum continues. The shares trade at 0.3x EV/sales. If it can deliver a 5% margin, we believe this could justify a 0.5x EV/sales multiple."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SIG Market Data

Currency UK Pounds
Share Price 49.02p
Change Today -2.18p
% Change -4.26 %
52 Week High 63.55p
52 Week Low 28.76p
Volume 546,828
Shares Issued 1,181.56m
Market Cap £579.20m
Beta 1.46
RiskGrade 250

SIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.88% below the market average65.88% below the market average65.88% below the market average65.88% below the market average65.88% below the market average
44.55% below the sector average44.55% below the sector average44.55% below the sector average44.55% below the sector average44.55% below the sector average
Price Trend
41.6% below the market average41.6% below the market average41.6% below the market average41.6% below the market average41.6% below the market average
53.98% below the sector average53.98% below the sector average53.98% below the sector average53.98% below the sector average53.98% below the sector average
Income
50.46% below the market average50.46% below the market average50.46% below the market average50.46% below the market average50.46% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average
Growth
72.68% below the market average72.68% below the market average72.68% below the market average72.68% below the market average72.68% below the market average
69.81% below the sector average69.81% below the sector average69.81% below the sector average69.81% below the sector average69.81% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 5
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SIG Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 06-Jun-19
Paid 08-Nov-19 05-Jul-19
Amount 1.25p 2.50p

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 184,880 @ 49.02p
16:29 748 @ 49.20p
16:29 169 @ 49.20p
16:28 5,062 @ 49.02p
16:29 2,947 @ 49.18p

SIG Key Personnel

Chair Andrew Allner
CEO Steve Francis

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