SigmaRoc (LON:SRC) Announces Quarterly Earnings Results

SigmaRoc (LON:SRC) released its quarterly earnings data on Monday. The company reported GBX 10.51 earnings per share for the quarter, Digital Look Earnings reports. SigmaRoc had a net margin of 4.41% and a return on equity of 6.02%.

SigmaRoc Trading Down 5.8%

LON SRC opened at GBX 115.67 on Monday. The firm has a market capitalization of £1.28 billion, a P/E ratio of 30.36 and a beta of 1.17. The business has a fifty day simple moving average of GBX 139.22 and a 200 day simple moving average of GBX 125.84. SigmaRoc has a 12 month low of GBX 79.20 and a 12 month high of GBX 152.80. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 89.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SRC shares. Panmure Gordon boosted their target price on shares of SigmaRoc from GBX 198 to GBX 216 and gave the stock a “buy” rating in a research report on Monday, January 19th. Berenberg Bank raised their price target on shares of SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SigmaRoc currently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.

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.