SigmaRoc (LON:SRC) Price Target Raised to GBX 130

SigmaRoc (LON:SRC) had its target price boosted by Berenberg Bank from GBX 120 to GBX 130 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Berenberg Bank currently has a hold rating on the stock.

SigmaRoc Price Performance

Shares of SRC opened at GBX 139.60 on Monday. SigmaRoc has a 1-year low of GBX 70 and a 1-year high of GBX 139.80. The stock has a market cap of £1.53 billion, a PE ratio of 36.64 and a beta of 1.72. The company has a debt-to-equity ratio of 92.26, a current ratio of 1.08 and a quick ratio of 0.88. The firm has a fifty day moving average price of GBX 123.73 and a 200 day moving average price of GBX 119.46.

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.