SigmaRoc’s (SRC) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of SigmaRoc (LON:SRC) in a research report report published on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 130 price target on the stock.

SigmaRoc Stock Up 3.1%

SRC opened at GBX 117.90 on Wednesday. The company has a market capitalization of £1.31 billion, a PE ratio of 16.00 and a beta of 1.24. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80. The business has a 50-day moving average of GBX 126.23 and a 200-day moving average of GBX 124.05.

SigmaRoc (LON:SRC) last announced its quarterly earnings results on Monday, September 7th. The company reported GBX 5.23 EPS for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. Equities research analysts forecast 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.