SigmaRoc (LON:SRC) Releases Earnings Results

SigmaRoc (LON:SRC) announced its quarterly earnings data on Monday. The company reported GBX 5.23 earnings per share for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%.

SigmaRoc Stock Performance

Shares of LON SRC traded up GBX 11.03 during trading hours on Monday, hitting GBX 138. 10,886,802 shares of the stock were exchanged, compared to its average volume of 13,700,362. SigmaRoc has a one year low of GBX 105 and a one year high of GBX 152.80. The company’s 50 day moving average is GBX 126.26 and its 200 day moving average is GBX 124.82. 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 £1.53 billion, a P/E ratio of 20.44 and a beta of 1.24.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a report on Wednesday, July 22nd. 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.com, SigmaRoc currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

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.