SigmaRoc (LON:SRC) Trading Down 0.6% – Here’s Why

SigmaRoc plc (LON:SRC)’s stock price traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 114.60 and last traded at GBX 114.60. 130,648,578 shares changed hands during trading, an increase of 625% from the average session volume of 18,030,775 shares. The stock had previously closed at GBX 115.27.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 target price on shares of SigmaRoc in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Performance

The company has a market cap of £1.27 billion, a PE ratio of 16.98 and a beta of 1.23. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 77.40. The company has a 50-day moving average of GBX 120.68 and a 200-day moving average of GBX 127.15.

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

Insiders Place Their Bets

In other SigmaRoc news, insider Jan Van Beek acquired 22,000 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were acquired at an average price of GBX 122 per share, with a total value of £26,840. Also, insider Max Vermoken acquired 17,855 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of GBX 112 per share, for a total transaction of £19,997.60. Over the last quarter, insiders have acquired 128,197 shares of company stock valued at $15,048,194. Insiders own 10.10% of the company’s stock.

SigmaRoc Company Profile

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.