SigmaRoc (LON:SRC) Stock Keeps Hold Rating at Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 130 target price on the stock. Berenberg Bank’s target price indicates 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, hitting GBX 127.80. 1,902,278 shares of the company were exchanged, compared to its average volume of 13,984,310. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80. The stock has a market cap of £1.42 billion, a price-to-earnings ratio of 18.93 and a beta of 1.24. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The firm has a fifty day moving average price of GBX 127.09 and a two-hundred day moving average price of GBX 123.15.

SigmaRoc (LON:SRC) last released its quarterly earnings data on Monday, September 7th. The company reported GBX 5.23 EPS for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. As a group, research analysts anticipate 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.