SigmaRoc (LON:SRC) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• SigmaRoc shares crossed above their 200-day moving average, reaching GBX 130.70 before closing at GBX 130, with about 3.94 million shares traded.
• Berenberg reaffirmed a “Hold” rating with a GBX 130 price target, while the broader analyst consensus is “Moderate Buy” with an average target of GBX 165.33.
• SigmaRoc reported quarterly EPS of GBX 5.23, alongside a 10.54% return on equity and an 8.40% net margin; analysts expect full-year EPS of GBX 9.20.

SigmaRoc plc (LON:SRC - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 126.74 and traded as high as GBX 130.70. SigmaRoc shares last traded at GBX 130, with a volume of 3,941,114 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 130 target price on shares of SigmaRoc in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SigmaRoc has an average rating of "Moderate Buy" and an average target price of GBX 165.33.

SigmaRoc Price Performance

The stock has a 50-day moving average price of GBX 125.56 and a two-hundred day moving average price of GBX 126.74. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The stock has a market cap of £1.44 billion, a price-to-earnings ratio of 17.64 and a beta of 1.21.

SigmaRoc (LON:SRC - Get Free Report) last announced its earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. As a group, equities research analysts forecast that SigmaRoc plc will post 9.20 EPS for the current year.

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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