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Investing.com - Berenberg initiated coverage on SigmaRoc PLC (LON:SRC) with a Hold rating and a price target of GBP1.20, citing the company’s current full valuation despite its strong market position.
SigmaRoc established itself as one of Europe’s leading lime and limestone producers following its acquisition of CRH’s European lime and industrial limestone businesses in 2024, according to Berenberg’s research note.
The acquisition significantly expanded SigmaRoc’s existing operations and increased its total reserves to 2.7 billion tonnes, equivalent to more than 100 years of supply capacity.
Founded in 2016, SigmaRoc’s business strategy focuses on acquiring and improving quality businesses in the heavy construction materials industry through investment, operational improvements, integration for synergies, and innovation-driven growth.
Despite acknowledging the company’s "evident strengths," Berenberg believes SigmaRoc shares are currently fully valued at their present market price, leading to the neutral Hold rating.
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