Berenberg Bank Reaffirms “Hold” Rating for SigmaRoc (LON:SRC)

SigmaRoc (LON:SRC)‘s stock had its “hold” rating restated by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 130 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 6.12% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Trading Down 3.9%

Shares of SigmaRoc stock opened at GBX 122.50 on Wednesday. The firm has a market cap of £1.36 billion, a price-to-earnings ratio of 18.15 and a beta of 1.25. SigmaRoc has a 52-week low of GBX 105 and a 52-week high of GBX 152.80. The company’s 50-day simple moving average is GBX 120.63 and its 200-day simple moving average is GBX 127.36. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 77.40.

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.