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

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

SigmaRoc Trading Up 3.1%

SigmaRoc stock opened at GBX 117.90 on Wednesday. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80. The firm’s fifty day moving average price is GBX 126.23 and its 200-day moving average price is GBX 124.05. The company has a debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a market cap of £1.31 billion, a P/E ratio of 16.00 and a beta of 1.24.

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