Sigmaroc (LON:SRC) had its price target lifted by equities researchers at Liberum Capital from GBX 63 ($0.82) to GBX 65 ($0.85) in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 43.93% from the stock’s previous close.
LON:SRC opened at GBX 45.16 ($0.59) on Tuesday. The business’s 50-day moving average price is GBX 42.94 and its 200 day moving average price is GBX 43.66. The firm has a market cap of $114.59 million and a P/E ratio of 26.56. Sigmaroc has a 52-week low of GBX 36 ($0.47) and a 52-week high of GBX 48.80 ($0.64). The company has a quick ratio of 1.03, a current ratio of 1.41 and a debt-to-equity ratio of 38.22.
In other news, insider Garth Palmer bought 11,466 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of GBX 44 ($0.57) per share, with a total value of £5,045.04 ($6,592.24).
Sigmaroc Company Profile
SigmaRoc plc invests in and/or acquires projects in the construction materials sector in the United Kingdom, Guernsey, and Jersey. It also produces aggregates and pre-cast concrete, as well as supplies value-added construction materials; and provides shipping logistics, road contracting, and waste recycling services.
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