Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 24,857 shares, a decrease of 44.1% from the February 12th total of 44,484 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 378,608 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 378,608 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered Holcim from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Jefferies Financial Group lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. DZ Bank downgraded shares of Holcim from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. BNP Paribas Exane lowered shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price on the stock. in a research note on Thursday, December 4th. Finally, Citigroup upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.
Check Out Our Latest Report on Holcim
Holcim Trading Down 1.5%
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.
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