SigmaRoc (LON:SRC – Get Free Report) released its quarterly earnings results on Monday. The company reported GBX 5.23 earnings per share (EPS) for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%.
SigmaRoc Trading Up 13.7%
Shares of SigmaRoc stock opened at GBX 144.40 on Monday. The company has a market capitalization of £1.60 billion, a P/E ratio of 21.39 and a beta of 1.24. The company has a debt-to-equity ratio of 77.40, a quick ratio of 0.88 and a current ratio of 1.17. The company has a fifty day moving average of GBX 126.26 and a 200 day moving average of GBX 124.82. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 130 price objective on shares of SigmaRoc in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 165.33.
SigmaRoc Company Profile
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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