SigmaRoc (LON:SRC) Trading Up 3.4% – Time to Buy?

SigmaRoc plc (LON:SRC)’s stock price rose 3.4% during trading on Tuesday . The company traded as high as GBX 117.20 and last traded at GBX 117. Approximately 44,109,168 shares traded hands during mid-day trading, an increase of 674% from the average daily volume of 5,700,984 shares. The stock had previously closed at GBX 113.20.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on SigmaRoc from GBX 115 to GBX 140 and gave the stock a “buy” rating in a report on Thursday, July 31st. Berenberg Bank assumed coverage on shares of SigmaRoc in a research note on Monday, November 3rd. They set a “hold” rating and a GBX 120 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SigmaRoc currently has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

SigmaRoc Trading Up 3.4%

The firm has a market cap of £1.28 billion, a P/E ratio of 30.71 and a beta of 1.72. The company has a debt-to-equity ratio of 92.26, a quick ratio of 0.88 and a current ratio of 1.08. The firm has a fifty day moving average of GBX 115.79 and a 200-day moving average of GBX 113.66.

SigmaRoc (LON:SRC) last issued its earnings results on Monday, September 8th. The company reported GBX 4.66 earnings per share for the quarter. SigmaRoc had a negative return on equity of 0.37% and a negative net margin of 0.29%. Equities research analysts forecast that SigmaRoc plc will post 9.1989319 earnings per share for the current year.

SigmaRoc Company Profile

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.