SigmaRoc plc (LON:SRC – Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 121.46 and traded as low as GBX 118.50. SigmaRoc shares last traded at GBX 118.90, with a volume of 8,119,986 shares traded.
Analysts Set New Price Targets
Several research firms have commented on SRC. Berenberg Bank reiterated a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of SigmaRoc from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, SigmaRoc currently has an average rating of “Moderate Buy” and an average target price of GBX 165.33.
View Our Latest Stock Report on SRC
SigmaRoc Price Performance
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.
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