SigmaRoc (LON:SRC) Sets New 1-Year High - Should You 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 during mid-day trading on Monday . The stock traded as high as GBX 126.20 ($1.71) and last traded at GBX 125.88 ($1.71), with a volume of 4486451 shares traded. The stock had previously closed at GBX 123.40 ($1.67).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SigmaRoc from GBX 115 to GBX 140 and gave the stock a "buy" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 140.

SigmaRoc Stock 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 firm's fifty day moving average price is GBX 117.08 and its 200-day moving average price is GBX 103.70. The company has a market cap of £1.35 billion, a P/E ratio of 6,379.49 and a beta of 1.72.

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

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.

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