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

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

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

SigmaRoc Stock Down 4.4%

Shares of LON:SRC traded down GBX 5 during trading on Monday, hitting GBX 108. 70,855,211 shares of the company were exchanged, compared to its average volume of 11,793,729. The firm’s 50 day moving average price is GBX 138.30 and its 200-day moving average price is GBX 125.77. SigmaRoc has a 12-month low of GBX 79.20 and a 12-month high of GBX 152.80. 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 P/E ratio of 28.35 and a beta of 1.17.

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

Insider Activity at SigmaRoc

In other SigmaRoc news, insider Max Vermoken bought 17,855 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of GBX 112 per share, for a total transaction of £19,997.60. Also, insider Peter Johnson bought 85,500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average cost of GBX 117 per share, for a total transaction of £100,035. 10.09% of the stock is currently owned by corporate insiders.

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.