Zacks Investment Research Upgrades Holcim Ltd. (HCMLY) to Buy
Holcim Ltd. (OTCMKTS:HCMLY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $13.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 12.65% from the company’s previous close.
According to Zacks, “LafargeHolcim Limited is involved in building materials industry. The Company’s operating segment consists of Cement, Aggregates, Other construction materials and services and Corporate. Cement segment is involved in the development of cement and comprises cementitious materials. Aggregates business segment includes crushed stone, gravel and sand. Other construction materials and services segment comprises ready-mix concrete, concrete products, asphalt, construction and paving, and trading as well as environmental services, including waste management. Corporate segment is engaged in holding activities and general management. It operates primarily in Asia Pacific, Latin America, Europe, North America, Africa and Middle East regions. LafargeHolcim Limited, formerly known as Holcim Ltd, is headquartered in Jona, Switzerland. “
Separately, Deutsche Bank AG restated a “buy” rating on shares of Holcim in a research report on Monday, October 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.00.
Holcim (OTCMKTS:HCMLY) opened at 11.54 on Wednesday. The firm’s 50-day moving average is $10.69 and its 200-day moving average is $9.70. Holcim has a 52-week low of $6.92 and a 52-week high of $11.66.
Lafargeholcim Ltd. is a Switzerland-based manufacturer of building materials. The Company operates in five geographical segments: Asia Pacific, Latin America, Europe, North America and Africa Middle East. It operates as a supplier of cement, aggregates and concrete. The Company’s aggregates include crushed stone, gravel and sand.
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