SigmaRoc (LON:SRC) Shares Down 2.1% – Here’s Why

SigmaRoc plc (LON:SRC)’s share price traded down 2.1% on Monday . The stock traded as low as GBX 120.40 and last traded at GBX 120.60. 724,286 shares changed hands during trading, a decline of 95% from the average daily volume of 15,757,328 shares. The stock had previously closed at GBX 123.20.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SRC. Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 target price on shares of SigmaRoc in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 165.33.

SigmaRoc Stock Up 0.1%

The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88. The stock’s 50 day simple moving average is GBX 119.96 and its two-hundred day simple moving average is GBX 127.61. The firm has a market cap of £1.37 billion, a P/E ratio of 18.26 and a beta of 1.25.

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.