Buzzi Unicem S.p.A. (OTCMKTS:BZZUY) Given Average Rating of “Hold” by Brokerages

Shares of Buzzi Unicem S.p.A. (OTCMKTS:BZZUY – Get Rating) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.17.

Several research firms have commented on BZZUY. Morgan Stanley boosted their target price on Buzzi Unicem from €17.70 ($18.44) to €18.00 ($18.75) and gave the company an “underweight” rating in a research note on Friday, May 13th. Barclays cut their target price on Buzzi Unicem from €20.00 ($20.83) to €19.50 ($20.31) in a research note on Wednesday. UBS Group cut their target price on Buzzi Unicem from €33.00 ($34.38) to €29.00 ($30.21) and set a “buy” rating on the stock in a research note on Tuesday, March 29th. HSBC cut Buzzi Unicem from a “buy” rating to a “hold” rating in a research note on Monday, March 28th. Finally, JPMorgan Chase & Co. cut Buzzi Unicem from a “neutral” rating to an “underweight” rating in a research note on Thursday, March 17th.

OTCMKTS BZZUY opened at $8.99 on Thursday. The stock’s 50 day moving average price is $9.25 and its two-hundred day moving average price is $10.15. Buzzi Unicem has a 52 week low of $8.25 and a 52 week high of $14.25.

About Buzzi Unicem (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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