Berenberg Bank Begins Coverage on SigmaRoc (LON:SRC)

Stock analysts at Berenberg Bank started coverage on shares of SigmaRoc (LON:SRC) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a GBX 120 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 6.76% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on SigmaRoc from GBX 115 to GBX 140 and gave the company a “buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SigmaRoc presently has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

SigmaRoc Stock Performance

Shares of SRC stock opened at GBX 112.40 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26. The business has a 50 day moving average of GBX 118.03 and a two-hundred day moving average of GBX 111.65. SigmaRoc has a 52 week low of GBX 69 and a 52 week high of GBX 126.80. The company has a market cap of £1.23 billion, a P/E ratio of 29.50 and a beta of 1.72.

SigmaRoc (LON:SRC) last issued its earnings results on Monday, September 8th. The company reported GBX 4.66 EPS for the quarter. SigmaRoc had a negative return on equity of 0.37% and a negative net margin of 0.29%. As a group, analysts anticipate that SigmaRoc will post 9.1989319 EPS for the current year.

SigmaRoc Company Profile

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It 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. It seeks to de-risk its investments through the selection of projects with strong asset-backing.