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

Berenberg Bank reaffirmed their hold rating on shares of SigmaRoc (LON:SRC) in a research report sent to investors on Monday morning,London Stock Exchange reports. They currently have a GBX 130 price objective on the stock.

Separately, 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 report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SigmaRoc presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 162.

SigmaRoc Trading Down 4.4%

Shares of SigmaRoc stock traded down GBX 5 on Monday, reaching GBX 108. 70,855,211 shares of the company were exchanged, compared to its average volume of 11,793,729. SigmaRoc has a fifty-two week low of GBX 79.20 and a fifty-two week high of GBX 152.80. The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of 28.35 and a beta of 1.17. 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 fifty day moving average price of GBX 138.30 and a 200-day moving average price of GBX 125.77.

SigmaRoc (LON:SRC) last released its quarterly earnings results on Monday, March 16th. The company reported GBX 10.51 earnings per share for the quarter. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%. On average, analysts expect that SigmaRoc will post 9.1989319 EPS for the current year.

Insiders Place Their Bets

In other SigmaRoc news, insider Peter Johnson purchased 85,500 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of GBX 117 per share, for a total transaction of £100,035. Also, insider Max Vermoken bought 17,855 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of GBX 112 per share, for a total transaction of £19,997.60. Insiders own 10.09% of the company’s stock.

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.