Holcim (OTCMKTS:HCMLY) Shares Gap Up – Time to Buy?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped up before the market opened on Thursday . The stock had previously closed at $18.47, but opened at $18.97. Holcim shares last traded at $19.0180, with a volume of 4,700 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HCMLY. BNP Paribas downgraded Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price target on the stock. in a research report on Thursday, December 4th. Jefferies Financial Group lowered Holcim from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group started coverage on Holcim in a research report on Thursday, September 4th. They issued a “buy” rating for the company. Zacks Research raised shares of Holcim from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. Finally, Morgan Stanley restated an “overweight” rating on shares of Holcim in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Trading Down 0.4%

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.21. The business has a 50-day simple moving average of $17.68 and a two-hundred day simple moving average of $19.37.

Holcim Company Profile

Holcim AG, together with its subsidiaries, operates as a building materials and solutions company worldwide. It operates through North America; Latin America; Europe; Asia, Middle East & Africa; and Solutions & Products segments. The company offers cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation tile adhesives, facade solutions, and contracting and services.