Sigmaroc (SRC) Given Buy Rating at Berenberg Bank

Sigmaroc (LON:SRC)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 105 ($1.37) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 124.12% from the stock’s previous close.

Separately, Liberum Capital reiterated a “buy” rating on shares of Sigmaroc in a report on Thursday.

Shares of SRC opened at GBX 46.85 ($0.61) on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 37.51. Sigmaroc has a 1 year low of GBX 36 ($0.47) and a 1 year high of GBX 48 ($0.63). The stock has a market cap of $64.05 million and a price-to-earnings ratio of 27.56.

Sigmaroc Company Profile

SigmaRoc plc invests in and/or acquires projects in the construction materials sector in the United Kingdom, Guernsey, and Jersey. It also produces aggregates and pre-cast concrete, as well as supplies value-added construction materials; and provides shipping logistics, road contracting, and waste recycling services.

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