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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 130 target price on the stock. Berenberg Bank’s price target points to a potential upside of 2.52% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft raised their price target 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Up 5.0%

Shares of LON:SRC opened at GBX 126.80 on Wednesday. The stock’s 50-day moving average price is GBX 120.31 and its 200-day moving average price is GBX 127.40. SigmaRoc has a 12-month low of GBX 105 and a 12-month high of GBX 152.80. The stock has a market capitalization of £1.41 billion, a P/E ratio of 18.79 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40.

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.