Buzzi Unicem (OTCMKTS:BZZUY) Share Price Crosses Below 50 Day Moving Average of $9.10

Buzzi Unicem S.p.A. (OTCMKTS:BZZUYGet Rating)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.10 and traded as low as $8.13. Buzzi Unicem shares last traded at $8.13, with a volume of 100 shares changing hands.

A number of research analysts recently issued reports on the company. UBS Group reduced their price target on Buzzi Unicem from €33.00 ($34.38) to €29.00 ($30.21) and set a “buy” rating on the stock in a report on Tuesday, March 29th. JPMorgan Chase & Co. cut Buzzi Unicem from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 17th. Barclays cut their price objective on Buzzi Unicem from €20.00 ($20.83) to €19.50 ($20.31) in a research report on Wednesday, May 18th. HSBC cut Buzzi Unicem from a “buy” rating to a “hold” rating in a research report on Monday, March 28th. Finally, Morgan Stanley lifted their price objective on Buzzi Unicem from €17.70 ($18.44) to €18.00 ($18.75) and gave the company an “underweight” rating in a research report on Friday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.17.

The business has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.64.

About Buzzi Unicem (OTCMKTS:BZZUY)

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It also offers special binders, safety sheets, and clinkers, as well as construction hydraulic binders for making plasters and masonry works on site. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil.

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