Holcim Ltd (OTCMKTS:HCMLY) Receives Average Rating of “Hold” from Brokerages

Holcim Ltd (OTCMKTS:HCMLY – Get Rating) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $57.20.

Several analysts recently issued reports on HCMLY shares. Deutsche Bank Aktiengesellschaft downgraded Holcim from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Zacks Investment Research raised Holcim from a “strong sell” rating to a “hold” rating in a report on Tuesday. Berenberg Bank downgraded Holcim from a “hold” rating to a “sell” rating in a research note on Friday, February 4th. Morgan Stanley lifted their target price on Holcim from CHF 57 to CHF 58 and gave the company an “overweight” rating in a research note on Monday, April 25th. Finally, UBS Group lifted their target price on Holcim from CHF 54 to CHF 55 and gave the company a “buy” rating in a research note on Monday, April 25th.

Shares of OTCMKTS HCMLY opened at $9.31 on Tuesday. Holcim has a 12-month low of $8.69 and a 12-month high of $12.65. The stock’s 50 day simple moving average is $9.54 and its 200 day simple moving average is $10.04.

The company also recently declared a dividend, which will be paid on Friday, May 27th. Stockholders of record on Tuesday, May 10th will be given a dividend of $0.4148 per share. This represents a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, May 9th.

Holcim Company Profile (Get Rating)

Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates through four segments: Cement, Aggregates, Ready-mix 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-mix concrete, precast concrete products, asphalts, and mortars.

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