SigmaRoc (LON:SRC) Price Target Raised to GBX 216 at Panmure Gordon

SigmaRoc (LON:SRC) had its price target lifted by Panmure Gordon from GBX 198 to GBX 216 in a research note released on Monday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank boosted their price objective on SigmaRoc from GBX 120 to GBX 130 and gave the stock a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 162.

SigmaRoc Stock Performance

Shares of LON:SRC opened at GBX 137.20 on Monday. The firm has a fifty day simple moving average of GBX 122.65 and a two-hundred day simple moving average of GBX 119.10. SigmaRoc has a 52 week low of GBX 70 and a 52 week high of GBX 138. 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 stock has a market capitalization of £1.51 billion, a P/E ratio of 36.01 and a beta of 1.72.

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.