SigmaRoc (LON:SRC) Reaches New 1-Year High After Analyst Upgrade

SigmaRoc plc (LON:SRC) hit a new 52-week high on Monday after Panmure Gordon raised their price target on the stock from GBX 198 to GBX 216. Panmure Gordon currently has a buy rating on the stock. SigmaRoc traded as high as GBX 137.20 and last traded at GBX 137.20, with a volume of 11459910 shares. The stock had previously closed at GBX 129.

Separately, Berenberg Bank increased their price objective on SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SigmaRoc currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 162.

SigmaRoc Price Performance

The company has a market capitalization of £1.50 billion, a price-to-earnings ratio of 35.96 and a beta of 1.72. The company has a 50-day moving average price of GBX 123.19 and a 200-day moving average price of GBX 119.32. The company has a debt-to-equity ratio of 92.26, a quick ratio of 0.88 and a current ratio of 1.08.

SigmaRoc Company Profile

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de-risk its investments through the selection of projects with strong asset-backing.