SigmaRoc (LON:SRC) Trading 1.3% Higher – Should You Buy?

SigmaRoc plc (LON:SRC) shot up 1.3% on Tuesday . The company traded as high as GBX 124.80 and last traded at GBX 124.60. 16,907,438 shares changed hands during trading, an increase of 199% from the average session volume of 5,657,154 shares. The stock had previously closed at GBX 123.

Analysts Set New Price Targets

Separately, Berenberg Bank began coverage on SigmaRoc in a report on Monday, November 3rd. They set a “hold” rating and a GBX 120 price target for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

SigmaRoc Stock Up 1.3%

The stock’s fifty day simple moving average is GBX 115.78 and its 200-day simple moving average is GBX 115.33. The stock has a market cap of £1.37 billion, a P/E ratio of 32.70 and a beta of 1.72. The company has a debt-to-equity ratio of 92.26, a quick ratio of 0.88 and a current ratio of 1.08.

About SigmaRoc

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It 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. It seeks to de-risk its investments through the selection of projects with strong asset-backing.