SigmaRoc (LON:SRC) Price Target Raised to GBX 130 at Berenberg Bank

SigmaRoc (LON:SRC) had its target price upped by Berenberg Bank from GBX 120 to GBX 130 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Berenberg Bank currently has a hold rating on the stock.

SigmaRoc Stock Performance

Shares of SRC stock opened at GBX 137.20 on Monday. The stock has a market capitalization of £1.51 billion, a P/E ratio of 36.01 and a beta of 1.72. The firm’s 50 day moving average is GBX 122.65 and its 200 day moving average is GBX 119.10. SigmaRoc has a 12 month low of GBX 70 and a 12 month high of GBX 138. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26.

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.