SigmaRoc Announces Change in Major Shareholding
Why we think this is neutral
The RNS announcement appears to be a routine regulatory update regarding a change in major shareholding, with no material impact on the company's operations or performance. While the broker's positive view and the reduction in the major shareholder's stake could be interpreted as positive signals, the overall impact on the share price is likely to be limited.
Key Points
- Major shareholder CRH plc reduces stake from 15.4% to 0.0%
- Broker Deutsche Bank reiterates Buy recommendation, increases price target to 95.00p
Summary
The building materials company announces a change in major shareholding, with the largest investor reducing its stake to 0%. Broker maintains positive view on the stock.
SigmaRoc plc, a company that invests in and produces quarried materials, has announced a change in its major shareholding. CRH plc, previously holding a 15.4% stake, has reduced its holding to 0.0%. The broker, Deutsche Bank, has reiterated its Buy recommendation on the stock and increased the price target to 95.00p.
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