SigmaRoc (LON:SRC) Hits New 12-Month High – What’s Next?

Shares of SigmaRoc plc (LON:SRC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 141 and last traded at GBX 139.60, with a volume of 415732 shares. The stock had previously closed at GBX 139.40.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Berenberg Bank boosted their target price on SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a research report on Monday, January 19th. Panmure Gordon lifted their price target on SigmaRoc from GBX 198 to GBX 216 and gave the company a “buy” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 162.

SigmaRoc Trading Down 0.1%

The company has a fifty day simple moving average of GBX 127.46 and a two-hundred day simple moving average of GBX 120.61. The company has a market cap of £1.57 billion, a PE ratio of 37.53 and a beta of 1.72. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26.

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.