SigmaRoc (LON:SRC) Stock Passes Above 50-Day Moving Average – What’s Next?

SigmaRoc plc (LON:SRC) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 121.05 and traded as high as GBX 123.70. SigmaRoc shares last traded at GBX 123.10, with a volume of 3,962,374 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on SRC shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Performance

The firm has a fifty day moving average of GBX 121.05 and a 200-day moving average of GBX 127.39. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 18.24 and a beta of 1.23. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 77.40.

Insider Buying and Selling at SigmaRoc

In other news, insider Max Vermoken purchased 1,421 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average price of GBX 127 per share, with a total value of £1,804.67. Also, insider Jan Van Beek acquired 1,421 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of GBX 127 per share, for a total transaction of £1,804.67. Insiders acquired 24,842 shares of company stock worth $3,044,934 in the last three months. 10.10% of the stock is owned by corporate insiders.

SigmaRoc Company Profile

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.