SigmaRoc (LON:SRC) Reaches New 52-Week High – Still a Buy?

SigmaRoc plc (LON:SRC)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 135 and last traded at GBX 133.20, with a volume of 1915924 shares. The stock had previously closed at GBX 134.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on shares of SigmaRoc in a research report on Monday, November 3rd. They issued a “hold” rating and a GBX 120 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

SigmaRoc Price Performance

The company has a debt-to-equity ratio of 92.26, a current ratio of 1.08 and a quick ratio of 0.88. The stock has a market capitalization of £1.46 billion, a price-to-earnings ratio of 34.86 and a beta of 1.72. The stock has a 50 day moving average price of GBX 120.18 and a 200-day moving average price of GBX 118.04.

About SigmaRoc

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.