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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 130 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 1.72% from the company’s previous close.

SigmaRoc Stock Down 0.5%

Shares of LON SRC traded down GBX 0.70 during trading on Monday, reaching GBX 127.80. The company had a trading volume of 1,902,278 shares, compared to its average volume of 13,984,310. SigmaRoc has a 12-month low of GBX 105 and a 12-month high of GBX 152.80. The stock has a market cap of £1.42 billion, a PE ratio of 18.93 and a beta of 1.24. The business’s 50-day moving average is GBX 127.23 and its 200 day moving average is GBX 123.14. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 76.40.

SigmaRoc (LON:SRC) last posted 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%. As a group, equities analysts forecast that SigmaRoc will post 9.1989319 earnings per share for the current fiscal year.

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.