SigmaRoc’s (SRC) Hold Rating Reiterated at Berenberg Bank

by · The Markets Daily

SigmaRoc (LON:SRC – Get Free Report)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 130 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 10.54% from the stock’s current price.

SigmaRoc Stock Performance

Shares of SRC stock opened at GBX 117.60 on Wednesday. The firm has a 50-day moving average of GBX 127.19 and a 200-day moving average of GBX 124.13. The company has a market cap of £1.30 billion, a P/E ratio of 15.96 and a beta of 1.24. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88. SigmaRoc has a one year low of GBX 105 and a one year high of GBX 152.80.

SigmaRoc (LON:SRC – Get Free Report) last released its quarterly 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%. Equities research analysts forecast that SigmaRoc will post 9.20 EPS for the current fiscal year.

About SigmaRoc

(Get Free Report)

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.

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