SigmaRoc (LON:SRC) Earns Hold Rating from Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 130 price objective on the stock. Berenberg Bank‘s price target would suggest a potential upside of 7.71% from the stock’s previous close.

SigmaRoc Price Performance

Shares of SigmaRoc stock traded down GBX 0.10 during mid-day trading on Wednesday, reaching GBX 120.70. 2,007,452 shares of the stock were exchanged, compared to its average volume of 13,631,833. The company has a market cap of £1.34 billion, a price-to-earnings ratio of 16.38 and a beta of 1.24. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The firm has a 50-day simple moving average of GBX 125.87 and a 200 day simple moving average of GBX 126.99. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80.

SigmaRoc (LON:SRC) last announced its quarterly earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 8.40% and a return on equity of 10.54%. On average, sell-side analysts predict that SigmaRoc will post 9.20 EPS for the current fiscal year.

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.