SigmaRoc (LON:SRC) Reaches New 52-Week High – Should You Buy?

Shares of SigmaRoc plc (LON:SRC) hit a new 52-week high during trading on Monday . The company traded as high as GBX 137.20 and last traded at GBX 137.20, with a volume of 11459910 shares. The stock had previously closed at GBX 129.

Analysts Set New Price Targets

Separately, Berenberg Bank assumed coverage on SigmaRoc in a report on Monday, November 3rd. They issued a “hold” rating and a GBX 120 price objective for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 130.

SigmaRoc Stock Performance

The stock has a market cap of £1.49 billion, a price-to-earnings ratio of 35.70 and a beta of 1.72. 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 company’s 50-day simple moving average is GBX 122.13 and its 200-day simple moving average is GBX 118.88.

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.