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SigmaRoc ( (GB:SRC) ) has provided an update.
SigmaRoc reported a strong Q3 performance with a 6% increase in revenue and a 17% rise in underlying EBITDA, driven by effective synergy programs and cost management. The company remains optimistic about its full-year performance, despite market challenges, and anticipates improved demand in the construction sector due to European stimulus programs, which could enhance its market position.
The most recent analyst rating on (GB:SRC) stock is a Hold with a £115.00 price target. To see the full list of analyst forecasts on SigmaRoc stock, see the GB:SRC Stock Forecast page.
Spark’s Take on GB:SRC Stock
According to Spark, TipRanks’ AI Analyst, GB:SRC is a Neutral.
SigmaRoc’s strong financial performance is the most significant factor, contributing positively to its score. However, bearish technical indicators and a high P/E ratio suggest caution. The lack of dividend yield and absence of recent earnings call data or notable corporate events limit the stock’s appeal.
To see Spark’s full report on GB:SRC stock, click here.
More about SigmaRoc
SigmaRoc is a European lime and minerals group focused on producing lime and mineral products. The company invests in and acquires businesses within the lime and minerals sector, aiming to create value for shareholders by purchasing assets in fragmented markets and enhancing operational efficiencies. Lime and limestone are pivotal in transitioning to a sustainable economy, with applications in lithium battery recycling, construction decarbonization, and environmental initiatives.
Average Trading Volume: 3,594,279
Technical Sentiment Signal: Buy
Current Market Cap: £1.25B
See more data about SRC stock on TipRanks’ Stock Analysis page.