Buzzi Unicem (OTCMKTS:BZZUY) Given New €18.00 Price Target at Morgan Stanley

Buzzi Unicem (OTCMKTS:BZZUY – Get Rating) had its price target lifted by Morgan Stanley from €17.70 ($18.63) to €18.00 ($18.95) in a research note published on Friday morning, The Fly reports. Morgan Stanley currently has an underweight rating on the stock.

Several other analysts also recently issued reports on the stock. HSBC downgraded shares of Buzzi Unicem from a buy rating to a hold rating in a research report on Monday, March 28th. UBS Group reduced their price target on shares of Buzzi Unicem from €33.00 ($34.74) to €29.00 ($30.53) and set a buy rating for the company in a research report on Tuesday, March 29th. Finally, JPMorgan Chase & Co. downgraded shares of Buzzi Unicem from a neutral rating to an underweight rating in a research report on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $23.00.

Shares of BZZUY stock remained flat at $$8.99 during trading hours on Friday. Buzzi Unicem has a 12 month low of $8.25 and a 12 month high of $14.25. The company has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $10.21.

Buzzi Unicem Company Profile (Get Rating)

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It also offers special binders, safety sheets, and clinkers, as well as construction hydraulic binders for making plasters and masonry works on site. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil.

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