SigmaRoc (LON:SRC) Trading Down 0.4% - Should You Sell?

Key Points

• SigmaRoc plc experienced a 0.4% decline in stock price, trading at GBX 117.60, significantly lower than the average session volume.
• Analysts from Deutsche Bank raised their price target for SigmaRoc from GBX 115 to GBX 140, maintaining a "buy" rating for the stock.
• The company's latest quarterly earnings showed a loss with earnings per share of GBX 4.66, alongside a negative return on equity of 0.37% and a market capitalization of £1.28 billion.

SigmaRoc plc (LON:SRC - Get Free Report) fell 0.4% during trading on Monday . The company traded as low as GBX 116.80 ($1.57) and last traded at GBX 117.60 ($1.58). 2,086,681 shares were traded during mid-day trading, a decline of 64% from the average session volume of 5,763,942 shares. The stock had previously closed at GBX 118.05 ($1.59).

Analysts Set New Price Targets

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

SigmaRoc Stock Down 0.4%

The company has a debt-to-equity ratio of 92.26, a current ratio of 1.08 and a quick ratio of 0.88. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 6,030.77 and a beta of 1.72. The firm has a 50-day moving average price of GBX 119.01 and a two-hundred day moving average price of GBX 106.44.

SigmaRoc (LON:SRC - Get Free Report) last posted its quarterly earnings data 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, sell-side analysts anticipate that SigmaRoc plc will post 9.1989319 earnings per share 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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