SigmaRoc’s (SRC) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of SigmaRoc (LON:SRC) in a report released on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 130 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Price Performance

Shares of LON:SRC opened at GBX 124.30 on Wednesday. The firm has a market capitalization of £1.38 billion, a PE ratio of 18.41 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 77.40. The company has a 50-day moving average price of GBX 120.84 and a two-hundred day moving average price of GBX 127.34. SigmaRoc has a twelve month low of GBX 105 and a twelve month high of GBX 152.80.

SigmaRoc Company Profile

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.