SigmaRoc (LON:SRC) Hits New 12-Month High After Analyst Upgrade

SigmaRoc plc (LON:SRC)’s stock price reached a new 52-week high during trading on Monday after Panmure Gordon raised their price target on the stock from GBX 198 to GBX 216. Panmure Gordon currently has a buy rating on the stock. SigmaRoc traded as high as GBX 137.20 and last traded at GBX 137.20, with a volume of 11459910 shares. The stock had previously closed at GBX 129.

Separately, Berenberg Bank raised their target price on shares of SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 162.

SigmaRoc Price Performance

The stock has a market capitalization of £1.51 billion, a P/E ratio of 36.05 and a beta of 1.72. 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 business has a fifty day simple moving average of GBX 123.19 and a 200 day simple moving average of GBX 119.32.

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.