Holcim (OTCMKTS:HCMLY) Shares Gap Down – What’s Next?

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $19.42, but opened at $18.4525. Holcim shares last traded at $18.62, with a volume of 740 shares.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HCMLY. BNP Paribas Exane upgraded Holcim from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. DZ Bank raised Holcim from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a research note on Monday, April 27th. The Goldman Sachs Group upgraded shares of Holcim from a “hold” rating to a “buy” rating in a report on Thursday, April 9th. Finally, Citigroup upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Holcim presently has a consensus rating of “Buy” and an average price target of $16.80.

Holcim Stock Performance

The stock’s 50-day moving average price is $17.53 and its 200-day moving average price is $18.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.32 and a quick ratio of 1.09.

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.