Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s Why

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down before the market opened on Monday . The stock had previously closed at $19.42, but opened at $18.4525. Holcim shares last traded at $18.62, with a volume of 740 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on HCMLY. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. BNP Paribas Exane upgraded Holcim from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. Finally, DZ Bank upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Holcim currently has a consensus rating of “Buy” and an average target price of $16.80.

Holcim Stock Down 3.7%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.32. The firm has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $18.45.

Holcim Company Profile

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.