Vicat (OTCMKTS:SDCVF) Price Target Cut to €43.00 by Analysts at Citigroup

Vicat (OTCMKTS:SDCVFGet Rating) had its target price dropped by equities researchers at Citigroup to €43.00 ($45.26) in a research report issued on Monday, The Fly reports. The firm currently has a “buy” rating on the stock.

Separately, HSBC downgraded shares of Vicat from a “buy” rating to a “hold” rating in a research report on Monday, March 28th.

OTCMKTS:SDCVF remained flat at $$33.13 during mid-day trading on Monday. Vicat has a 1 year low of $33.13 and a 1 year high of $51.01. The business’s 50 day simple moving average is $37.58 and its 200-day simple moving average is $39.09.

Vicat Company Profile (Get Rating)

Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The company operates in three segments: Cement, Concrete & Aggregates, and Other Products & Services. It offers various cement products, including Portland cement, Portland composite cement, blast furnace cement, slag cement, and Pozzolan cement for the general contractors, such as concrete mixers; manufacturers of precast concrete products; construction and public works contractors; local authorities; residential property developers or master masons; and construction material wholesalers or retail chains.

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