Holcim (OTCMKTS:HCMLY) Reaches New 1-Year Low – What’s Next?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $15.31 and last traded at $15.31, with a volume of 5189 shares. The stock had previously closed at $15.63.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HCMLY shares. BNP Paribas Exane upgraded shares of Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.80.

Holcim Stock Down 2.7%

The business’s 50 day moving average is $17.20 and its 200-day moving average is $17.89.

About Holcim

Holcim Ltd. is a Switzerland-based global building materials and solutions company. Its main products include cement, aggregates and ready-mix concrete, along with building systems and specialized solutions used in construction, infrastructure and renovation projects.

The company serves customers through operations and commercial activities across Europe, Latin America, Asia and Africa. Holcim also develops lower-carbon construction products and circular building solutions, including materials designed to reduce emissions and incorporate recycled construction materials.

Holcim traces its history to 1912, when it was established as Holderbank in Switzerland, and adopted the Holcim name in 2001.