SigmaRoc (LON:SRC) Trading 2.8% Higher – Still a Buy?

SigmaRoc plc (LON:SRC)’s share price was up 2.8% during mid-day trading on Friday . The company traded as high as GBX 128.80 and last traded at GBX 126.97. Approximately 5,184,666 shares traded hands during trading, a decline of 62% from the average session volume of 13,716,816 shares. The stock had previously closed at GBX 123.50.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Price Performance

The business has a fifty day simple moving average of GBX 126.26 and a two-hundred day simple moving average of GBX 124.99. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. The stock has a market cap of £1.41 billion, a PE ratio of 18.81 and a beta of 1.24.

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.