According to Bloomberg, the nine rating agencies that keep an eye on the stock of Holcim Ltd. (OTCMKTS: HCMLY) have given the company’s stock an average rating of “Hold” among themselves. One research analyst suggested selling the stock, while the other four suggested holding it or continuing. Three analysts suggested that investors purchase the stock, while one suggested that investors sell it. A price target of $50.80 per share has been established for the company by brokers who rated it in the preceding year. This price target is the average that has been set for the company.
Several stock analysts have provided their thoughts on HCMLY, which can be found here. Goldman Sachs Group changed its recommendation for Holcim from a “buy” rating to a “sell” rating in a research note published on Thursday, October 13th. The note was about the company’s stock. The change in the company’s recommendation on Holcim, which went from “neutral” to “buy,” was reflected in a research note published by Bank of America on September 2nd. The price objective for Holcim was increased by Credit Suisse Group from CHF 53 to CHF 58 in a research report published on November 1st. JPMorgan Chase & Co. lowered its price target for Holcim from CHF 59 to CHF 50 and assigned a “neutral” rating in a report published on Thursday, December 8th.
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On Wednesday, the price of HCMLY made its debut on the market at $10.37. The current ratio to the quick ratio is 1.21; the current ratio to the quick ratio is 0.92; and the debt to equity ratio is 0.50. The price of Holcim has dropped to an all-time low of $7.81 and risen to an all-time high of $11.46 over the past 52 weeks. The stock’s moving average over the past 50 days comes in at $9.80; over the past 200 days, it averages $9.18.
In addition to their operations in the Americas, Europe, Latin America, the Middle East, and Africa, Holcim Ltd., and its subsidiaries are a provider of building materials and solutions in the Asia-Pacific region, Europe, Latin America, the Middle East, and Africa. The company operates under four distinct business divisions: cement, aggregates, ready-mix concrete, and solutions and products. Concrete that is already mixed, concrete that has been precast, asphalt, and mortar are all examples of additional building materials that are readily available. Also easily accessible are aggregated such as crushed stone, gravel, and sand, among other similar materials. Cement, hydraulic binders, clinker, and several other cementitious ingredients are included in addition to this.
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