SigmaRoc (LON:SRC) Stock Falls 1.7% – What’s Next?

SigmaRoc plc (LON:SRC)’s share price traded down 1.7% during trading on Monday. The stock traded as low as GBX 125 and last traded at GBX 125.90. 6,100,797 shares were traded during mid-day trading, a decline of 54% from the average session volume of 13,321,102 shares. The stock had previously closed at GBX 128.10.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 price objective on shares of SigmaRoc in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Stock Down 4.6%

The business’s 50 day moving average is GBX 127.19 and its 200-day moving average is GBX 124.13. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of £1.31 billion, a PE ratio of 16.05 and a beta of 1.24.

SigmaRoc (LON:SRC) last posted its earnings results on Monday, September 7th. The company reported GBX 5.23 EPS for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. As a group, analysts predict that SigmaRoc plc will post 9.20 EPS for the current year.

About SigmaRoc

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.