SigmaRoc (LON:SRC – Get Free Report) announced its 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 12.6%
SRC stock opened at GBX 143 on Monday. SigmaRoc has a 1-year low of GBX 105 and a 1-year high of GBX 152.80. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. The business’s 50 day moving average is GBX 126.26 and its 200-day moving average is GBX 124.82. The firm has a market cap of £1.59 billion, a P/E ratio of 21.19 and a beta of 1.24.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.
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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