Holcim (OTCMKTS:HCMLY) Hits New 12-Month Low – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $15.31 and last traded at $15.31, with a volume of 5189 shares trading hands. The stock had previously closed at $15.63.

Analysts Set New Price Targets

HCMLY has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded Holcim from a “neutral” rating to an “outperform” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Holcim in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Stock Performance

The stock has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $17.88.

About Holcim

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its main products include cement, aggregates and ready-mix concrete, along with building systems and specialized solutions used in construction, infrastructure and renovation projects.

The company serves customers through operations and commercial activities across Europe, Latin America, Asia and Africa. Holcim also develops lower-carbon construction products and circular building solutions, including materials designed to reduce emissions and incorporate recycled construction materials.

Holcim traces its history to 1912, when it was established as Holderbank in Switzerland, and adopted the Holcim name in 2001.