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

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.80.

A number of equities research analysts have recently weighed in on HCMLY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday, January 12th. UBS Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a research report on Tuesday, October 14th. BNP Paribas lowered shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price objective on the stock. in a report on Thursday, December 4th. Jefferies Financial Group cut Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Holcim in a report on Monday, October 27th.

Holcim Stock Performance

OTCMKTS:HCMLY opened at $19.40 on Friday. Holcim has a twelve month low of $15.14 and a twelve month high of $30.00. The firm’s fifty day simple moving average is $18.94 and its 200 day simple moving average is $18.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.49.

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.