SigmaRoc (LON:SRC) Given “Hold” Rating at Berenberg Bank

Berenberg Bank restated their hold rating on shares of SigmaRoc (LON:SRC) in a report released on Wednesday morning,Digital Look reports. They currently have a GBX 130 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Stock Performance

Shares of SRC stock opened at GBX 127.50 on Wednesday. SigmaRoc has a 12-month low of GBX 105 and a 12-month high of GBX 152.80. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a market capitalization of £1.41 billion, a price-to-earnings ratio of 18.89 and a beta of 1.25. The business has a 50 day simple moving average of GBX 120.54 and a 200 day simple moving average of GBX 127.39.

About SigmaRoc

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc 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.