SigmaRoc (LON:SRC) Price Target Raised to GBX 216
by Sarita Garza · The Markets DailySigmaRoc (LON:SRC – Free Report) had its price target upped by Panmure Gordon from GBX 198 to GBX 216 in a research note published on Monday, Marketbeat Ratings reports. They currently have a buy rating on the stock.
Separately, Berenberg Bank upped their price objective on shares of SigmaRoc from GBX 120 to GBX 130 and gave the company a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SigmaRoc currently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.
View Our Latest Research Report on SigmaRoc
SigmaRoc Stock Up 0.6%
Shares of LON:SRC opened at GBX 139.60 on Monday. SigmaRoc has a 52-week low of GBX 70 and a 52-week high of GBX 139.80. The stock has a market cap of £1.53 billion, a P/E ratio of 36.64 and a beta of 1.72. The business has a fifty day moving average of GBX 123.73 and a two-hundred day moving average of GBX 119.46. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26.
SigmaRoc Company Profile
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.