SigmaRoc (LON:SRC) Sets New 52-Week High – Time to Buy?

SigmaRoc plc (LON:SRC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 129.40 and last traded at GBX 128.60, with a volume of 1028161 shares. The stock had previously closed at GBX 127.40.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of SigmaRoc in a research report on Monday, November 3rd. They set a “hold” rating and a GBX 120 price target for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

SigmaRoc Stock Up 1.1%

The company’s 50 day simple moving average is GBX 119.17 and its 200-day simple moving average is GBX 117.44. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26. The firm has a market cap of £1.44 billion, a P/E ratio of 34.49 and a beta of 1.72.

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.