Sigmaroc (LON:SRC) Earns “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Sigmaroc (LON:SRC) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.

SRC has been the subject of several other reports. Liberum Capital reaffirmed a buy rating on shares of Sigmaroc in a research note on Friday, May 1st. Peel Hunt reaffirmed a buy rating and set a GBX 69.80 ($0.86) price objective on shares of Sigmaroc in a research note on Tuesday, June 9th.

SRC stock opened at GBX 41 ($0.50) on Thursday. The firm has a fifty day moving average price of GBX 42.64 and a 200 day moving average price of GBX 40.23. Sigmaroc has a fifty-two week low of GBX 0.43 ($0.01) and a fifty-two week high of GBX 53.65 ($0.66). The company has a debt-to-equity ratio of 58.46, a quick ratio of 0.73 and a current ratio of 1.02. The firm has a market cap of $104.03 million and a PE ratio of 51.25.

In related news, insider Max Vermoken bought 25,644 shares of the stock in a transaction dated Thursday, July 30th. The stock was purchased at an average cost of GBX 41 ($0.50) per share, with a total value of £10,514.04 ($12,938.76). Also, insider Garth Palmer bought 26,315 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of GBX 38 ($0.47) per share, with a total value of £9,999.70 ($12,305.81).

About Sigmaroc

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.

Further Reading: Understanding Average Daily Trade Volume

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