SigmaRoc (LON:SRC) Trading Up 2.8% – Time to Buy?

SigmaRoc plc (LON:SRC)’s stock price traded up 2.8% on Friday . The company traded as high as GBX 128.80 and last traded at GBX 126.97. Approximately 5,184,666 shares traded hands during trading, a decline of 62% from the average daily volume of 13,716,816 shares. The stock had previously closed at GBX 123.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 130 price objective on shares of SigmaRoc in a research 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. Based on data from MarketBeat, SigmaRoc currently has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Up 2.8%

The firm has a market cap of £1.41 billion, a PE ratio of 18.81 and a beta of 1.24. The stock has a 50 day simple moving average of GBX 126.26 and a 200-day simple moving average of GBX 124.99. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88.

About SigmaRoc

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.