SigmaRoc (LON:SRC) Sets New 12-Month High Following Analyst Upgrade

Key Points

• SigmaRoc plc reached a new 52-week high after Deutsche Bank upgraded its price target from GBX 115 to GBX 140, maintaining a buy rating on the stock.
• Insider Tim Hall purchased 80,884 shares at an average price of GBX 103, indicating insider confidence in the company's future performance.
• The company has a market cap of £1.29 billion and a debt-to-equity ratio of 92.26, reflecting its financial structure amid ongoing market activities.

Shares of SigmaRoc plc (LON:SRC - Get Free Report) hit a new 52-week high on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 115 to GBX 140. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. SigmaRoc traded as high as GBX 119 ($1.58) and last traded at GBX 115.40 ($1.53), with a volume of 171039 shares. The stock had previously closed at GBX 115.40 ($1.53).

Insider Activity

In other SigmaRoc news, insider Tim Hall acquired 80,884 shares of the business's stock in a transaction on Thursday, May 15th. The shares were acquired at an average price 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 corporate insiders.

SigmaRoc Price Performance

The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26. The business has a 50-day moving average price of GBX 109.67 and a 200 day moving average price of GBX 94.43. The stock has a market cap of £1.30 billion, a PE ratio of -5.81 and a beta of 1.72.

SigmaRoc Company Profile

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.