HSBC Increases Lafarge S.A. Price Target to €64.00 (LG)
Analysts at HSBC increased their price target on shares of Lafarge S.A. (EPA:LG) from €63.00 ($85.14) to €64.00 ($86.49) in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock.
Shares of Lafarge S.A. (EPA:LG) traded down 1.12% on Friday, hitting €52.13. The stock had a trading volume of 527,339 shares. Lafarge S.A. has a 1-year low of €41.865 and a 1-year high of €56.48. The stock has a 50-day moving average of €48.73 and a 200-day moving average of €50.11. The company has a market cap of €14.978 billion and a price-to-earnings ratio of 28.09.
LG has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of Lafarge S.A. (EPA:LG) from €62.00 ($83.78) to €60.00 ($81.08) in a research note to investors on Tuesday, July 16th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lafarge S.A. (EPA:LG) in a research note to investors on Friday, July 12th. They now have a €62.00 ($83.78) price target on the stock. Finally, analysts at AlphaValue reiterated a “buy” rating on shares of Lafarge S.A. (EPA:LG) in a research note to investors on Thursday, July 11th. They now have a €58.90 ($79.59) price target on the stock. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Lafarge S.A. presently has an average rating of “Buy” and an average target price of €56.83 ($76.80).
Lafarge SA (EPA:LG) is a France based company which produces and sells building materials that include cement, aggregates, ready mix, concrete, gypsum wallboard, and related products, primarily under the Lafarge brand.
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