SigmaRoc (LON:SRC) Hits New 52-Week High – Here’s Why

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

Wall Street Analysts Forecast Growth

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

SigmaRoc Stock Down 0.8%

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 stock’s 50-day moving average price is GBX 126.15 and its 200-day moving average price is GBX 120.31. The company has a market cap of £1.52 billion, a P/E ratio of 36.29 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.