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SigmaRoc (LON:SRC) Hits New 1-Year High - Still a Buy?

SigmaRoc logo with Basic Materials background

Key Points

  • SigmaRoc plc shares reached a new 52-week high at GBX 124.40 ($1.68) during trading, indicating significant investor interest.
  • Analyst Deutsche Bank raised SigmaRoc's price target from GBX 115 ($1.55) to GBX 140 ($1.89) and maintained a "buy" rating.
  • Company insider Tim Hall purchased 80,884 shares at an average price of GBX 103 ($1.39), reflecting confidence in the company's prospects.
  • Five stocks we like better than SigmaRoc.

SigmaRoc plc (LON:SRC - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 124.40 ($1.69) and last traded at GBX 123.60 ($1.68), with a volume of 1843388 shares changing hands. The stock had previously closed at GBX 123.20 ($1.67).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of SigmaRoc from GBX 115 ($1.56) to GBX 140 ($1.90) and gave the stock a "buy" rating in a research report on Thursday, July 31st.

View Our Latest Report on SigmaRoc

SigmaRoc Stock Performance

The company has a market cap of £1.40 billion, a PE ratio of -6.24 and a beta of 1.72. The firm's fifty day moving average is GBX 112.27 and its 200 day moving average is GBX 97.84. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26.

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.

See Also

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