Barclays Increases Holcim (OTCMKTS:HCMLY) Price Target to CHF 46

Holcim (OTCMKTS:HCMLYGet Rating) had its target price upped by stock analysts at Barclays from CHF 44 to CHF 46 in a research report issued on Thursday, The Fly reports. The brokerage presently has an “equal weight” rating on the construction company’s stock.

HCMLY has been the topic of several other research reports. Credit Suisse Group increased their price target on Holcim from CHF 55 to CHF 58 and gave the company an “outperform” rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Holcim from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Berenberg Bank lowered their price objective on shares of Holcim from CHF 43 to CHF 42 in a research note on Monday, June 13th. Morgan Stanley raised their price objective on shares of Holcim from CHF 57 to CHF 58 and gave the stock an “overweight” rating in a research note on Monday, April 25th. Finally, UBS Group downgraded shares of Holcim from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.00.

Holcim Stock Performance

Shares of HCMLY stock opened at $9.31 on Thursday. Holcim has a 12 month low of $8.03 and a 12 month high of $11.90. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $9.04 and its two-hundred day moving average is $9.67.

About Holcim

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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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