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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 130 price target on the stock. Berenberg Bank’s target price points to a potential upside of 11.30% from the stock’s current price.

SigmaRoc Stock Down 5.8%

Shares of SRC traded down GBX 7.20 on Wednesday, reaching GBX 116.80. The company’s stock had a trading volume of 17,092,893 shares, compared to its average volume of 13,353,607. SigmaRoc has a twelve month low of GBX 105 and a twelve month high of GBX 152.80. The stock has a market capitalization of £1.30 billion, a PE ratio of 15.85 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 of GBX 127.19 and a 200-day moving average of GBX 124.13.

SigmaRoc (LON:SRC) last released 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%. Equities analysts predict that SigmaRoc will post 9.20 EPS for the current 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.