Analysts Set Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) PT at $16.80

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.80.

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research note on Tuesday, October 14th. Morgan Stanley reiterated an “overweight” rating on shares of Holcim in a research note on Monday, October 27th. BNP Paribas downgraded Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price on the stock. in a research report on Thursday, December 4th. Zacks Research raised Holcim from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. Finally, The Goldman Sachs Group initiated coverage on Holcim in a research note on Thursday, September 4th. They set a “buy” rating on the stock.

Holcim Stock Performance

Shares of OTCMKTS HCMLY opened at $19.64 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.49. The stock’s 50 day moving average price is $18.19 and its 200-day moving average price is $19.17. Holcim has a twelve month low of $15.14 and a twelve month high of $30.00.

About Holcim

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.