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

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 130 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 10.54% from the stock’s previous close.

SigmaRoc Trading Down 5.2%

Shares of SigmaRoc stock opened at GBX 117.60 on Wednesday. SigmaRoc has a 1 year low of GBX 105 and a 1 year high of GBX 152.80. The firm has a market cap of £1.30 billion, a PE ratio of 15.96 and a beta of 1.24. The stock has a fifty day moving average price of GBX 127.19 and a 200-day moving average price of GBX 124.13. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88.

SigmaRoc (LON:SRC) last released its earnings results on Monday, September 7th. The company reported GBX 5.23 EPS for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. Equities research analysts anticipate that SigmaRoc will post 9.20 EPS for the current year.

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.