SigmaRoc (LON:SRC) Given Hold Rating at Berenberg Bank

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

SigmaRoc Stock Up 3.1%

Shares of SRC stock traded up GBX 3.50 during trading 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. SigmaRoc has a one year low of GBX 105 and a one year high of GBX 152.80. The business has a fifty day moving average price of GBX 126.23 and a 200-day moving average price of GBX 124.05. The company has a market cap of £1.31 billion, a price-to-earnings ratio of 16.00 and a beta of 1.24. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 76.40.

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