SigmaRoc (LON:SRC) Trading Down 0.6% – Should You Sell?

SigmaRoc plc (LON:SRC) dropped 0.6% during trading on Tuesday . The stock traded as low as GBX 114.60 and last traded at GBX 114.60. Approximately 130,648,578 shares were traded during trading, an increase of 625% from the average daily volume of 18,030,775 shares. The stock had previously closed at GBX 115.27.

Analysts Set New Price Targets

SRC has been the topic of several recent research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 price objective on shares of SigmaRoc in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SigmaRoc presently has an average rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Price Performance

The business has a fifty day moving average of GBX 120.66 and a 200-day moving average of GBX 127.19. The firm has a market cap of £1.25 billion, a PE ratio of 16.75 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40.

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

Insider Buying and Selling

In other SigmaRoc news, insider Max Vermoken acquired 1,421 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were bought at an average price of GBX 127 per share, for a total transaction of £1,804.67. Also, insider Jan Van Beek acquired 1,421 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of GBX 127 per share, for a total transaction of £1,804.67. Over the last quarter, insiders have acquired 128,197 shares of company stock worth $15,048,194. Corporate insiders own 10.10% of the company’s stock.

SigmaRoc Company Profile

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc 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.