BNP Paribas Downgrades Lafarge S.A. to Underperform (LFRGY)
Lafarge S.A. (NASDAQ:LFRGY) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to an “underperform” rating in a research report issued on Wednesday, American Banking News.com reports.
Shares of Lafarge S.A. (NASDAQ:LFRGY) traded down 2.44% on Wednesday, hitting $18.79. The stock had a trading volume of 12,250 shares. Lafarge S.A. has a one year low of $14.65 and a one year high of $19.49. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $17.09. The company has a market cap of $21.596 billion and a P/E ratio of 31.99.
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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