Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Receives Average Rating of “Buy” from Brokerages

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) has earned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.80.

Several brokerages have commented on HCMLY. BNP Paribas Exane upgraded shares of Holcim from a “neutral” rating to an “outperform” rating in a research report on Friday. Royal Bank Of Canada restated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th. The Goldman Sachs Group raised shares of Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. Citigroup raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Finally, DZ Bank raised shares of Holcim from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th.

Holcim Price Performance

Shares of HCMLY opened at $19.20 on Tuesday. Holcim has a one year low of $15.14 and a one year high of $28.00. 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 simple moving average of $18.70 and a two-hundred day simple moving average of $18.61.

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.