Peter Johnson Acquires 85,500 Shares of SigmaRoc (LON:SRC) Stock

SigmaRoc plc (LON:SRC) insider Peter Johnson purchased 85,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of GBX 117 per share, with a total value of £100,035.

SigmaRoc Stock Performance

SigmaRoc stock opened at GBX 110 on Friday. The stock’s 50 day simple moving average is GBX 137.29 and its two-hundred day simple moving average is GBX 125.60. The company has a debt-to-equity ratio of 77.40, a quick ratio of 0.88 and a current ratio of 1.17. The stock has a market cap of £1.22 billion, a price-to-earnings ratio of 28.87 and a beta of 1.17. SigmaRoc plc 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 return on equity of 10.11% and a net margin of 7.68%. As a group, analysts expect that SigmaRoc plc will post 9.1989319 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRC. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a research note on Monday, March 16th. Panmure Gordon raised their price objective on SigmaRoc from GBX 198 to GBX 216 and gave the company a “buy” rating in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 162.

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.