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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 130 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 1.01% from the company’s previous close.

SigmaRoc Price Performance

SRC stock opened at GBX 128.70 on Monday. The firm’s fifty day moving average is GBX 127.37 and its 200 day moving average is GBX 123.19. SigmaRoc has a 52 week low of GBX 105 and a 52 week high of GBX 152.80. The firm has a market cap of £1.43 billion, a P/E ratio of 19.07 and a beta of 1.24. The company has a debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44.

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