SigmaRoc (LON:SRC) Shares Down 2.1% – Time to Sell?

SigmaRoc plc (LON:SRC)’s stock price was down 2.1% on Monday . The stock traded as low as GBX 120.40 and last traded at GBX 120.60. 724,286 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 15,757,328 shares. The stock had previously closed at GBX 123.20.

Analyst Ratings Changes

Several brokerages recently issued reports on SRC. Deutsche Bank Aktiengesellschaft increased their target price on shares of SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 165.33.

SigmaRoc Stock Down 2.1%

The stock has a market cap of £1.34 billion, a price-to-earnings ratio of 17.87 and a beta of 1.25. The stock has a 50 day simple moving average of GBX 119.79 and a 200 day simple moving average of GBX 127.64. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 77.40.

About SigmaRoc

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc 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.