Berenberg Bank Raises SigmaRoc (LON:SRC) Price Target to GBX 130

SigmaRoc (LON:SRC) had its target price hoisted by analysts at Berenberg Bank from GBX 120 to GBX 130 in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 6.34% from the stock’s previous close.

SigmaRoc Stock Up 0.6%

SigmaRoc stock opened at GBX 138.80 on Monday. The firm has a market capitalization of £1.52 billion, a PE ratio of 36.43 and a beta of 1.72. The company’s 50-day moving average is GBX 123.19 and its 200-day moving average is GBX 119.32. SigmaRoc has a fifty-two week low of GBX 70 and a fifty-two week high of GBX 139.60. The company has a debt-to-equity ratio of 92.26, a current ratio of 1.08 and a quick ratio of 0.88.

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.