SigmaRoc (LON:SRC) Trading Up 1.5% - Should You Buy?

Key Points

• Shares of SigmaRoc plc increased by 1.5% during trading, closing at GBX 111.80 ($1.50).
• Deutsche Bank raised its price target for SigmaRoc from GBX 115 to GBX 140, maintaining a "buy" rating for the stock.
• The company reported a negative net margin of 0.29% alongside a P/E ratio of 29.34 in its recent earnings report.

Shares of SigmaRoc plc (LON:SRC - Get Free Report) shot up 1.5% during mid-day trading on Monday . The stock traded as high as GBX 112.80 ($1.51) and last traded at GBX 111.80 ($1.50). 1,446,254 shares were traded during trading, a decline of 74% from the average session volume of 5,635,573 shares. The stock had previously closed at GBX 110.20 ($1.48).

Analysts Set New Price Targets

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

SigmaRoc Stock Up 1.5%

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 business has a 50-day moving average price of GBX 119.16 and a 200-day moving average price of GBX 109. The firm has a market cap of £1.23 billion, a P/E ratio of 29.34 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 (EPS) for the quarter. SigmaRoc had a negative net margin of 0.29% and a negative return on equity of 0.37%. On average, equities analysts forecast that SigmaRoc plc will post 9.1989319 EPS 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.

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