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Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for SigmaRoc (LON:SRC) Stock

SigmaRoc logo with Basic Materials background

Key Points

  • Deutsche Bank Aktiengesellschaft has raised its price target for SigmaRoc from GBX 115 to GBX 140, indicating a potential upside of 19.87% from the current stock price.
  • On Thursday, SigmaRoc's stock traded up by 1.4% to GBX 116.80, with a total of 1,267,702 shares exchanged.
  • Insider Tim Hall purchased 80,884 shares of SigmaRoc at an average price of GBX 103, showing confidence in the company's potential.
  • MarketBeat previews the top five stocks to own by September 1st.

SigmaRoc (LON:SRC - Free Report) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 115 ($1.53) to GBX 140 ($1.86) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

SigmaRoc Stock Performance

Shares of LON:SRC remained flat at GBX 115.40 ($1.53) on Thursday. The stock had a trading volume of 2,216,588 shares, compared to its average volume of 5,994,258. SigmaRoc has a 12 month low of GBX 64 ($0.85) and a 12 month high of GBX 119 ($1.58). The firm has a market capitalization of £1.30 billion, a P/E ratio of -5.81 and a beta of 1.72. The company's 50 day moving average price is GBX 109.67 and its 200-day moving average price is GBX 94.43. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26.

Insider Buying and Selling at SigmaRoc

In related news, insider Tim Hall bought 80,884 shares of SigmaRoc stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of GBX 103 ($1.37) per share, with a total value of £83,310.52 ($110,579.40). 21.82% of the stock is currently owned by company insiders.

About SigmaRoc

(Get Free Report)

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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