In a report released today, Charlie Campbell from Stifel Nicolaus maintained a Buy rating on SigmaRoc (SRC – Research Report), with a price target of p108.00.
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Charlie Campbell has given his Buy rating due to a combination of factors that highlight SigmaRoc’s strong financial performance and strategic positioning. The company has demonstrated excellent execution, with results surpassing expectations, including a 2% increase in EBITDA against a challenging market backdrop. Additionally, SigmaRoc’s integration of CRH lime assets has been completed successfully, raising synergy targets and showcasing its capability to enhance acquired businesses.
Another critical factor in Campbell’s rating is SigmaRoc’s significant exposure to the German market, which accounts for 26% of its sales. This positions the company to benefit substantially from Germany’s proposed €500bn infrastructure program and increased defense spending. Furthermore, SigmaRoc’s diverse end markets and resilient cash flows, coupled with its strategic disposals and deleveraging efforts, reinforce the positive investment case initially set out in February, making it an attractive buy opportunity.
According to TipRanks, Campbell is ranked #8828 out of 9369 analysts.