Berenberg Bank Reiterates “Hold” Rating for SigmaRoc (LON:SRC)

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 130 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 2.52% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Performance

Shares of SRC stock opened at GBX 126.80 on Wednesday. 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 price of GBX 120.31 and a 200-day moving average price of GBX 127.40. SigmaRoc has a 52 week low of GBX 105 and a 52 week high of GBX 152.80. The firm has a market capitalization of £1.41 billion, a PE ratio of 18.79 and a beta of 1.25.

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.