SigmaRoc (LON:SRC) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

SigmaRoc (LON:SRC) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 140 to GBX 150 in a research note issued on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 16.91% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SRC. Panmure Gordon boosted their price target on SigmaRoc from GBX 198 to GBX 216 and gave the company a “buy” rating in a research note on Monday, January 19th. Berenberg Bank restated a “hold” rating and set a GBX 130 price objective on shares of SigmaRoc in a research note on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SigmaRoc has a consensus rating of “Moderate Buy” and an average price target of GBX 165.33.

SigmaRoc Price Performance

LON:SRC opened at GBX 128.30 on Wednesday. SigmaRoc has a 52 week low of GBX 83.74 and a 52 week high of GBX 152.80. The company has a debt-to-equity ratio of 77.40, a quick ratio of 0.88 and a current ratio of 1.17. The firm’s 50-day simple moving average is GBX 130.72 and its 200 day simple moving average is GBX 125.75. The firm has a market cap of £1.42 billion, a price-to-earnings ratio of 19.01 and a beta of 1.27.

SigmaRoc (LON:SRC) last posted its quarterly earnings data on Monday, March 16th. The company reported GBX 10.51 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 7.68% and a return on equity of 10.11%. As a group, sell-side analysts predict that SigmaRoc will post 9.1989319 earnings per share for the current year.

Insider Buying and Selling at SigmaRoc

In other news, insider Jan Van Beek bought 22,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was bought at an average cost of GBX 122 per share, for a total transaction of £26,840. Also, insider Peter Johnson purchased 85,500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of GBX 117 per share, with a total value of £100,035. Insiders have bought a total of 128,197 shares of company stock valued at $15,048,194 in the last ninety days. 10.09% of the stock is currently owned by company insiders.

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.