Insider Buying: SigmaRoc (LON:SRC) Insider Acquires 1,421 Shares of Stock

Key Points

• Insider purchases: Director Jan Van Beek bought 22,000 shares on Mar 25 at GBX 122 (£26,840) and a further 1,421 shares on Apr 8 at GBX 127 (£1,804.67), indicating insider accumulation.
• Analyst sentiment & valuation: Shares traded around GBX 128.90 (market cap ~£1.43bn) and carry a consensus "Moderate Buy" with a GBX 162 target (Panmure Gordon raised its target to GBX 216), implying analyst-implied upside to current levels.

SigmaRoc plc (LON:SRC - Get Free Report) insider Jan Van Beek bought 1,421 shares of the company's stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average price of GBX 127 per share, for a total transaction of £1,804.67.

Jan Van Beek also recently made the following trade(s):

• On Wednesday, March 25th, Jan Van Beek bought 22,000 shares of SigmaRoc stock. The shares were acquired at an average price of GBX 122 per share, for a total transaction of £26,840.

SigmaRoc Stock Up 2.5%

Shares of SRC traded up GBX 3.10 during trading hours on Friday, hitting GBX 128.90. The company had a trading volume of 6,954,157 shares, compared to its average volume of 15,437,724. The firm has a fifty day moving average price of GBX 132.30 and a 200-day moving average price of GBX 125.45. 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 stock has a market capitalization of £1.43 billion, a price-to-earnings ratio of 19.10 and a beta of 1.27. SigmaRoc plc has a 52-week low of GBX 82.58 and a 52-week high of GBX 152.80.

SigmaRoc (LON:SRC - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The company reported GBX 10.51 earnings per share (EPS) for the quarter. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%. On average, equities research analysts forecast that SigmaRoc plc will post 9.1989319 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SRC. Panmure Gordon boosted their target price on SigmaRoc from GBX 198 to GBX 216 and gave the stock a "buy" rating in a research report on Monday, January 19th. Berenberg Bank reissued a "hold" rating and issued a GBX 130 target price on shares of SigmaRoc in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SigmaRoc has an average rating of "Moderate Buy" and a consensus price target of GBX 162.

About SigmaRoc

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It 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. It seeks to de-risk its investments through the selection of projects with strong asset-backing.

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