SigmaRoc (LON:SRC) Shares Down 2.1% – What’s Next?

SigmaRoc plc (LON:SRC) dropped 2.1% during mid-day trading on Monday . The company traded as low as GBX 120.40 and last traded at GBX 120.60. Approximately 724,286 shares traded hands during trading, a decline of 95% from the average session volume of 15,757,328 shares. The stock had previously closed at GBX 123.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SRC shares. Deutsche Bank Aktiengesellschaft boosted 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. Berenberg Bank reiterated a “hold” rating and set a GBX 130 price target on shares of SigmaRoc in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 165.33.

SigmaRoc Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. The business has a 50-day moving average of GBX 119.79 and a 200 day moving average of GBX 127.64. The firm has a market capitalization of £1.34 billion, a PE ratio of 17.87 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.