SigmaRoc (LON:SRC) Given New GBX 130 Price Target at Berenberg Bank

SigmaRoc (LON:SRC) had its price target upped by equities researchers at Berenberg Bank from GBX 120 to GBX 130 in a research report issued on Monday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 5.80% from the stock’s previous close.

SigmaRoc Trading Up 7.0%

SRC traded up GBX 9 during trading on Monday, reaching GBX 138. 14,163,188 shares of the stock traded hands, compared to its average volume of 6,544,672. 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 stock has a market capitalization of £1.51 billion, a PE ratio of 36.22 and a beta of 1.72. The stock’s 50-day moving average is GBX 122.13 and its 200 day moving average is GBX 118.88. SigmaRoc has a 12 month low of GBX 70 and a 12 month high of GBX 138.

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.