SigmaRoc (LON:SRC) Reaches New 12-Month High - What's Next?

Key Points

• SigmaRoc plc reached a new 52-week high of GBX 119.40 ($1.59), indicating strong market performance with over 6.3 million shares traded.
• Deutsche Bank has upgraded SigmaRoc’s price target from GBX 115 to GBX 140 and has given the stock a "buy" rating, signaling positive outlook among analysts.
• Insider Tim Hall purchased 80,884 shares at an average price of GBX 103 ($1.38), reflecting confidence in the company's future prospects.

SigmaRoc plc (LON:SRC - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 119.40 ($1.59) and last traded at GBX 119.40 ($1.59), with a volume of 6344438 shares trading hands. The stock had previously closed at GBX 114.40 ($1.53).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of SigmaRoc from GBX 115 ($1.54) to GBX 140 ($1.87) and gave the stock a "buy" rating in a research note on Thursday, July 31st.

SigmaRoc Stock Performance

The firm has a market capitalization of £1.29 billion, a P/E ratio of -5.78 and a beta of 1.72. The stock has a fifty day moving average of GBX 110.31 and a 200-day moving average of GBX 95.29. 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 Activity

In related news, insider Tim Hall acquired 80,884 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of GBX 103 ($1.38) per share, with a total value of £83,310.52 ($111,288.43). Insiders own 21.82% of the company's stock.

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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