Berenberg Bank Reiterates “Hold” Rating for SigmaRoc (LON:SRC)

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 130 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 20.37% from the company’s current price.

Separately, Panmure Gordon increased their target price on SigmaRoc from GBX 198 to GBX 216 and gave the company a “buy” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SigmaRoc has an average rating of “Moderate Buy” and an average target price of GBX 162.

SigmaRoc Stock Performance

SRC stock traded down GBX 5 on Monday, hitting GBX 108. The company had a trading volume of 70,855,211 shares, compared to its average volume of 11,793,729. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. SigmaRoc has a 12-month low of GBX 79.20 and a 12-month high of GBX 152.80. The stock has a market cap of £1.20 billion, a price-to-earnings ratio of 28.35 and a beta of 1.17. The stock’s 50-day simple moving average is GBX 138.30 and its 200 day simple moving average is GBX 125.77.

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

Insider Buying and Selling

In other SigmaRoc news, insider Max Vermoken purchased 17,855 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were acquired at an average cost of GBX 112 per share, for a total transaction of £19,997.60. Also, insider Peter Johnson purchased 85,500 shares of the company’s 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. 10.09% of the stock is currently owned by corporate insiders.

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.