Brokerages Set Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) Price Target at $16.80

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) has been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $16.80.

A number of brokerages have recently issued reports on HCMLY. The Goldman Sachs Group upgraded Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a report on Friday, July 3rd. DZ Bank upgraded Holcim from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, April 27th.

Holcim Stock Up 1.0%

Shares of HCMLY opened at $18.28 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. Holcim has a twelve month low of $15.14 and a twelve month high of $28.00. The company has a 50 day moving average of $18.72 and a 200-day moving average of $18.54.

About Holcim

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.