SigmaRoc’s (SRC) “Hold” Rating Reaffirmed at Berenberg Bank

SigmaRoc (LON:SRC)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 130 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 20.37% from the stock’s current price.

Separately, Panmure Gordon raised their price target on SigmaRoc from GBX 198 to GBX 216 and gave the stock a “buy” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, SigmaRoc presently has an average rating of “Moderate Buy” and a consensus target price of GBX 162.

SigmaRoc Trading Down 4.4%

Shares of SRC stock traded down GBX 5 during trading hours on Monday, hitting GBX 108. The company had a trading volume of 70,855,211 shares, compared to its average volume of 11,793,729. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88. The stock has a market capitalization of £1.20 billion, a PE ratio of 28.35 and a beta of 1.17. The company’s fifty day moving average is GBX 138.30 and its 200 day moving average is GBX 125.77. SigmaRoc has a fifty-two week low of GBX 79.20 and a fifty-two week high of GBX 152.80.

SigmaRoc (LON:SRC) last posted its earnings results on Monday, March 16th. The company reported GBX 10.51 earnings per share for the quarter. SigmaRoc had a net margin of 7.68% and a return on equity of 10.11%. Research analysts expect that SigmaRoc will post 9.1989319 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SigmaRoc news, insider Max Vermoken bought 17,855 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average cost of GBX 112 per share, with a total value of £19,997.60. Also, insider Peter Johnson bought 85,500 shares of SigmaRoc stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of GBX 117 per share, for a total transaction of £100,035. Insiders own 10.09% of the company’s stock.

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.