SigmaRoc (LON:SRC) Stock Rating Reaffirmed as Hold by Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report issued on Monday, September 28th, Digital Look reports. They currently have a GBX 130 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 0.62% from the company’s previous close.

SigmaRoc Stock Up 0.5%

Shares of LON:SRC traded up GBX 0.60 during midday trading on Monday, hitting GBX 129.20. 1,533,543 shares of the company’s stock traded hands, compared to its average volume of 13,781,021. The firm’s fifty day moving average price is GBX 127.45 and its two-hundred day moving average price is GBX 123.28. The company has a debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44. SigmaRoc has a twelve month low of GBX 105 and a twelve month high of GBX 152.80. The company has a market cap of £1.43 billion, a PE ratio of 19.14 and a beta of 1.24.

SigmaRoc (LON:SRC) last announced its quarterly earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. On average, equities research analysts anticipate that SigmaRoc will post 9.1989319 EPS for the current fiscal year.

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.