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

Key Points

• SigmaRoc's stock reached a new 52-week high at GBX 126.20 ($1.71), with significant trading volume of 4,486,451 shares.
• Deutsche Bank raised their price target for SigmaRoc's shares from GBX 115 to GBX 140, reaffirming a "buy" rating.
• The company reported a net margin of -0.29% and is forecasted to post an EPS of 9.20 for the current fiscal year.

SigmaRoc plc (LON:SRC - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 126.20 ($1.70) and last traded at GBX 125.88 ($1.70), with a volume of 4486451 shares changing hands. The stock had previously closed at GBX 123.40 ($1.66).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on SigmaRoc from GBX 115 to GBX 140 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 140.

SigmaRoc Price Performance

The business has a 50-day simple moving average of GBX 118.37 and a two-hundred day simple moving average of GBX 104.94. The stock has a market capitalization of £1.35 billion, a price-to-earnings ratio of 6,374.36 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26.

SigmaRoc (LON:SRC - Get Free Report) last released its earnings results on Monday, September 8th. The company reported GBX 4.66 earnings per share for the quarter. SigmaRoc had a negative return on equity of 0.37% and a negative net margin of 0.29%. As a group, research analysts predict that SigmaRoc plc will post 9.1989319 earnings per share for the current fiscal year.

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.