SigmaRoc (LON:SRC) Hits New 12-Month High – Still a Buy?

Shares of SigmaRoc plc (LON:SRC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 127.40 and last traded at GBX 127.20, with a volume of 20136666 shares traded. The stock had previously closed at GBX 125.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on shares of SigmaRoc in a research note on Monday, November 3rd. They set a “hold” rating and a GBX 120 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SigmaRoc currently has an average rating of “Moderate Buy” and an average price target of GBX 130.

SigmaRoc Price Performance

The company has a 50 day moving average of GBX 116.66 and a two-hundred day moving average of GBX 115.92. The firm has a market cap of £1.40 billion, a P/E ratio of 33.49 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26.

About SigmaRoc

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.