SigmaRoc (LON:SRC) Shares Up 1.7% – Should You Buy?

Shares of SigmaRoc plc (LON:SRC) were up 1.7% during mid-day trading on Wednesday . The company traded as high as GBX 129.80 and last traded at GBX 129. Approximately 5,736,731 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 9,406,617 shares. The stock had previously closed at GBX 126.80.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SRC. Berenberg Bank lifted their price objective on shares of SigmaRoc from GBX 120 to GBX 130 and gave the stock a “hold” rating in a research report on Monday, January 19th. Panmure Gordon raised their target price on shares of SigmaRoc from GBX 198 to GBX 216 and gave the stock a “buy” rating in a research note on Monday, January 19th. Two research 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 stock has an average rating of “Moderate Buy” and a consensus price target of GBX 162.

SigmaRoc Stock Performance

The company has a debt-to-equity ratio of 89.70, a current ratio of 1.20 and a quick ratio of 0.88. The stock’s 50-day moving average price is GBX 139.31 and its 200-day moving average price is GBX 125.70. The company has a market cap of £1.43 billion, a P/E ratio of 33.86 and a beta of 1.17.

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.