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The latest update is out from SigmaRoc ( (GB:SRC) ).
SigmaRoc announced an update regarding its AMeLi project, a joint venture with ArcelorMittal to develop net-zero CO2 lime kilns in Dunkirk. ArcelorMittal has expressed concerns over the project’s execution, particularly regarding French building permits, and has decided to step back. Despite this, SigmaRoc’s financial forecasts and medium-term targets remain unchanged, with no immediate impact on its operations or CO2 ambitions.
The most recent analyst rating on (GB:SRC) stock is a Buy with a £128.00 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 Outperform.
SigmaRoc stands out with strong financial performance and proactive corporate strategies, which are key strengths. Technical indicators support a positive outlook, though valuation concerns due to a high P/E ratio weigh down the overall score. The absence of earnings call data limits insight into management’s guidance.
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 limestone products, which are crucial for sustainable economic transitions. The company invests in and acquires businesses within the lime and minerals sector, aiming to create shareholder value through strategic acquisitions and operational efficiencies.
Average Trading Volume: 3,666,319
Technical Sentiment Signal: Buy
Current Market Cap: £1.38B
See more insights into SRC stock on TipRanks’ Stock Analysis page.