Lafarge S.A. Rating Lowered to Equal Weight at Morgan Stanley (LFRGY)
Lafarge S.A. (NASDAQ:LFRGY) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Friday, Analyst Ratings Net reports.
Separately, analysts at UBS AG downgraded shares of Lafarge S.A. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy”.
Shares of Lafarge S.A. (NASDAQ:LFRGY) opened at 16.52 on Friday. Lafarge S.A. has a 52 week low of $13.58 and a 52 week high of $18.39. The stock’s 50-day moving average is $16.98 and its 200-day moving average is $16.43. The company has a market cap of $18.986 billion and a price-to-earnings ratio of 27.50.
Lafarge SA (NASDAQ:LFRGY), incorporated in 1884, produces and sells building materials, which includes cement, aggregates, ready mix, concrete, gypsum wallboard, and related products worldwide, primarily under the Lafarge brand.
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