SigmaRoc’s (SRC) “Hold” Rating Reaffirmed at Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 130 target price on the stock. Berenberg Bank‘s price target would suggest a potential upside of 10.26% from the company’s previous close.

SigmaRoc Price Performance

Shares of LON SRC 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 stock 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 debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44. The firm’s 50-day simple moving average is GBX 126.23 and its 200 day simple moving average is GBX 124.05.

SigmaRoc (LON:SRC) last issued its quarterly earnings data on Monday, September 7th. The company reported GBX 5.23 EPS for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. As a group, research analysts anticipate that SigmaRoc will post 9.20 earnings per share for the current fiscal 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.