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

Berenberg Bank reiterated their hold rating on shares of SigmaRoc (LON:SRC) in a report published on Monday,London Stock Exchange reports. The firm currently has a GBX 130 price target on the stock.

Separately, Panmure Gordon raised their price objective on SigmaRoc from GBX 198 to GBX 216 and gave the stock a “buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 162.

SigmaRoc Stock Down 4.4%

Shares of LON:SRC traded down GBX 5 during trading on Monday, hitting GBX 108. 70,855,211 shares of the company were exchanged, compared to its average volume of 11,793,729. The firm’s 50 day moving average price is GBX 138.30 and its 200-day moving average price is GBX 125.77. SigmaRoc has a 12-month low of GBX 79.20 and a 12-month high of GBX 152.80. 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 has a market capitalization of £1.20 billion, a P/E ratio of 28.35 and a beta of 1.17.

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

Insider Buying and Selling

In other SigmaRoc news, insider Peter Johnson purchased 85,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of GBX 117 per share, for a total transaction of £100,035. Also, insider Max Vermoken acquired 17,855 shares of the 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. Company insiders own 10.09% of the company’s stock.

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.