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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 130 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 2.20% from the stock’s current price.

SigmaRoc Stock Down 1.4%

LON:SRC traded down GBX 1.80 during mid-day trading on Monday, reaching GBX 127.20. The stock had a trading volume of 4,886,740 shares, compared to its average volume of 13,886,837. The company has a market capitalization of £1.41 billion, a price-to-earnings ratio of 18.84 and a beta of 1.24. SigmaRoc has a 1-year low of GBX 105 and a 1-year high of GBX 152.80. The stock’s 50 day simple moving average is GBX 127.27 and its two-hundred day simple moving average is GBX 123.16. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88.

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

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.