SigmaRoc (LON:SRC) Given Hold Rating at Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 130 price target on the stock. Berenberg Bank’s target price points to a potential upside of 1.72% from the company’s current price.

SigmaRoc Price Performance

LON:SRC opened at GBX 127.80 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 76.40. The firm has a market cap of £1.42 billion, a P/E ratio of 18.93 and a beta of 1.24. The business’s 50-day moving average price is GBX 127.23 and its 200 day moving average price is GBX 123.14. SigmaRoc has a 52-week low of GBX 105 and a 52-week high of GBX 152.80.

SigmaRoc (LON:SRC) last posted its quarterly earnings data on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 8.40% and a return on equity of 10.54%. As a group, sell-side analysts predict that SigmaRoc will post 9.1989319 earnings per share for the current fiscal year.

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.