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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 130 price target on the stock. Berenberg Bank‘s target price points to a potential upside of 10.26% from the stock’s current price.

SigmaRoc Stock Up 3.1%

LON:SRC traded up GBX 3.50 during trading hours on Wednesday, reaching GBX 117.90. The company’s stock had a trading volume of 83,173,922 shares, compared to its average volume of 13,737,201. 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 company has a market cap of £1.31 billion, a price-to-earnings ratio of 16.00 and a beta of 1.24. SigmaRoc has a one year low of GBX 105 and a one year high of GBX 152.80. The business’s 50-day moving average is GBX 126.23 and its 200-day moving average is GBX 124.05.

SigmaRoc (LON:SRC) last announced 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%. Equities research 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.