Sigmaroc (LON:SRC) PT Raised to GBX 63 at Liberum Capital

Sigmaroc (LON:SRC) had its price objective lifted by Liberum Capital from GBX 59 ($0.77) to GBX 63 ($0.82) in a report published on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the stock a buy rating in a research report on Thursday, May 16th.

Shares of LON:SRC opened at GBX 42.50 ($0.56) on Thursday. The firm has a market capitalization of $73.03 million and a P/E ratio of 17.71. Sigmaroc has a 1 year low of GBX 36 ($0.47) and a 1 year high of GBX 48 ($0.63). The company has a quick ratio of 1.13, a current ratio of 1.75 and a debt-to-equity ratio of 36.52. The business’s 50 day moving average is GBX 44.74.

In related news, insider David Barrett purchased 440,000 shares of Sigmaroc stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average price of GBX 44 ($0.57) per share, with a total value of £193,600 ($252,972.69).

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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