SigmaRoc (LON:SRC) Price Target Raised to GBX 130 at Berenberg Bank

SigmaRoc (LON:SRC) had its price target raised by investment analysts at Berenberg Bank from GBX 120 to GBX 130 in a report issued on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential downside of 5.80% from the stock’s previous close.

SigmaRoc Trading Up 7.0%

LON SRC traded up GBX 9 on Monday, reaching GBX 138. The company had a trading volume of 14,163,188 shares, compared to its average volume of 6,544,672. The firm has a market cap of £1.51 billion, a price-to-earnings ratio of 36.22 and a beta of 1.72. The company has a debt-to-equity ratio of 92.26, a current ratio of 1.08 and a quick ratio of 0.88. SigmaRoc has a fifty-two week low of GBX 70 and a fifty-two week high of GBX 138. The business has a 50 day moving average of GBX 122.13 and a two-hundred day moving average of GBX 118.88.

About SigmaRoc

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.