SigmaRoc (LON:SRC) Trading Down 0.6% – Here’s Why

SigmaRoc plc (LON:SRC) shares traded down 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 114.60 and last traded at GBX 114.60. 130,648,578 shares were traded during trading, an increase of 625% from the average session volume of 18,030,775 shares. The stock had previously closed at GBX 115.27.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Berenberg Bank restated a “hold” rating and set a GBX 130 price objective on shares of SigmaRoc in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 165.33.

SigmaRoc Stock Performance

The firm has a market capitalization of £1.27 billion, a P/E ratio of 16.98 and a beta of 1.23. The stock has a fifty day simple moving average of GBX 120.68 and a two-hundred day simple moving average of GBX 127.15. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88.

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

Insider Activity

In other news, insider Peter Johnson acquired 85,500 shares of the firm’s stock in a transaction dated 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 1,421 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average price of GBX 127 per share, with a total value of £1,804.67. Insiders bought a total of 128,197 shares of company stock worth $15,048,194 over the last quarter. 10.10% of the stock is currently owned by corporate insiders.

SigmaRoc Company Profile

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.