SigmaRoc (LON:SRC) Reaches New 12-Month High - Still a Buy?

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.

SigmaRoc plc (LON:SRC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock 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).

Analyst Ratings Changes

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

SigmaRoc Stock Performance

The firm's 50-day moving average is GBX 112.27 and its 200 day moving average is GBX 97.66. The stock has a market cap of £1.40 billion, a PE ratio of -6.24 and a beta of 1.72. The company has a debt-to-equity ratio of 92.26, a quick ratio of 0.88 and a current ratio of 1.08.

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.