SigmaRoc PLC’s (LON:SRC) investment and improvement strategy remains “firmly in place” following its final results, said analysts at Peel Hunt.
In a note, analysts reiterated their ‘buy’ rating on the construction materials group and increased their price target to 105p from 82p, saying the firm’s results on Tuesday showed stronger-than-expected trading after the initial lockdown has “clearly helped” the firm and that it has also been successful in making key acquisitions and investments.
“The strategy of investing and improving remains firmly in place, and the growing presence in Continental Europe highlights there is a long way to go with this investment story”, Peel Hunt said.