Berenberg Bank Reaffirms Hold Rating for SigmaRoc (LON:SRC)

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 130 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 3.26% from the company’s current price.

SigmaRoc Stock Down 2.4%

SigmaRoc stock opened at GBX 125.90 on Monday. The company has a market capitalization of £1.40 billion, a P/E ratio of 18.65 and a beta of 1.24. The firm’s fifty day simple moving average is GBX 127.27 and its 200-day simple moving average is GBX 123.16. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. SigmaRoc has a 1-year low of GBX 105 and a 1-year high of GBX 152.80.

SigmaRoc (LON:SRC) last released its quarterly earnings data on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 8.40% and a return on equity of 10.54%. Sell-side analysts forecast that SigmaRoc will post 9.1989319 earnings per share 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.