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

SigmaRoc plc (LON:SRC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 150.60 and last traded at GBX 150.40, with a volume of 2590990 shares traded. The stock had previously closed at GBX 148.40.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SRC shares. Berenberg Bank boosted their target price on shares of SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a research note on Monday, January 19th. Panmure Gordon lifted their price objective on shares of SigmaRoc from GBX 198 to GBX 216 and gave the company a “buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 162.

SigmaRoc Stock Up 1.2%

The stock has a market capitalization of £1.67 billion, a price-to-earnings ratio of 39.42 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26. The business’s 50-day moving average is GBX 134.47 and its two-hundred day moving average is GBX 123.48.

SigmaRoc Company Profile

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.