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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 130 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 11.30% from the stock’s current price.

SigmaRoc Price Performance

Shares of LON:SRC opened at GBX 116.80 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The stock has a market cap of £1.30 billion, a PE ratio of 15.85 and a beta of 1.24. The stock’s fifty day simple moving average is GBX 126.84 and its two-hundred day simple moving average is GBX 124.12. SigmaRoc has a 1-year low of GBX 105 and a 1-year high of GBX 152.80.

SigmaRoc (LON:SRC) last posted its earnings results 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%. As a group, analysts forecast that SigmaRoc will post 9.20 EPS 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.