SigmaRoc (LON:SRC) Sets New 12-Month High – Still a Buy?

SigmaRoc plc (LON:SRC) reached a new 52-week high during trading on Monday . The company traded as high as GBX 127.40 and last traded at GBX 127.20, with a volume of 20136666 shares traded. The stock had previously closed at GBX 125.

Analysts Set New Price Targets

Separately, Berenberg Bank initiated coverage on shares of SigmaRoc in a report on Monday, November 3rd. They set a “hold” rating and a GBX 120 target price on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

SigmaRoc Stock Performance

The company has a market capitalization of £1.41 billion, a price-to-earnings ratio of 33.70 and a beta of 1.72. The company has a 50 day moving average price of GBX 116.12 and a 200 day moving average price of GBX 115.65. 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.