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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 130 price objective on the stock. Berenberg Bank‘s target price indicates a potential upside of 12.46% from the company’s current price.

SigmaRoc Price Performance

Shares of SigmaRoc stock traded up GBX 1.20 on Wednesday, hitting GBX 115.60. The company’s stock had a trading volume of 3,555,977 shares, compared to its average volume of 13,350,706. The company has a debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44. SigmaRoc has a 1 year low of GBX 105 and a 1 year high of GBX 152.80. The firm has a fifty day moving average price of GBX 126.48 and a 200-day moving average price of GBX 124.09. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 15.69 and a beta of 1.24.

SigmaRoc (LON:SRC) last issued 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%. As a group, sell-side analysts anticipate 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.