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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 130 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 11.30% from the stock’s previous close.

SigmaRoc Stock Down 5.8%

SRC stock traded down GBX 7.20 during mid-day trading on Wednesday, reaching GBX 116.80. The company had a trading volume of 17,092,893 shares, compared to its average volume of 13,353,607. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88. The stock has a 50 day simple moving average of GBX 126.84 and a two-hundred day simple moving average of GBX 124.12. The company has a market capitalization of £1.30 billion, a price-to-earnings ratio of 15.85 and a beta of 1.24. SigmaRoc has a 52 week low of GBX 105 and a 52 week high of GBX 152.80.

SigmaRoc (LON:SRC) last posted its quarterly earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. As a group, equities analysts predict that SigmaRoc will post 9.20 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.