Holcim Ltd (OTCMKTS:HCMLY – Get Rating) has been given a consensus recommendation of “Hold” by the eleven research firms that currently cover the company, MarketBeat reports. Two equity research analysts rated the stock with a sell rating, two issued a hold rating and six assigned the company a buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $57.00.
HCMLY has been the subject of a number of recent research reports. UBS Group lowered its price target on Holcim from CHF 58 to CHF 54 and set a “buy” rating on the stock in a Friday, April 8 research report. Credit Suisse Group lowered its price target on Holcim from CHF 65 to CHF 58 and set an “outperform” rating for the company in a Thursday, March 17 research report. Barclays downgraded Holcim’s shares from an “overweight” rating to an “equally weighted” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered its price target on Holcim shares from CHF 70 to CHF 58 and set a “buy” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised its price target on Holcim shares from CHF 52 to CHF 55 in a Thursday, March 3 report.
Shares of OTCMKTS HCMLY opened at $9.42 on Friday. Holcim has a 1-year low of $8.69 and a 1-year high of $12.68. The company has a 50-day moving average of $9.73 and a two-hundred-day moving average of $10.04.
About Holcim (Get an assessment)
Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America. It operates through four segments: Cement, Aggregates, Ready-Mixed Concrete and Solutions & Products. The company offers cement, hydraulic binders, clinker and other cementitious materials; aggregates, such as crushed stone, gravel and sand; and ready-mixed concrete, precast concrete products, asphalts and mortars.
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