Holcim (OTCMKTS:HCMLY) Shares Gap Down – Here’s Why

Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) gapped down before the market opened on Thursday . The stock had previously closed at $18.80, but opened at $17.94. Holcim shares last traded at $17.89, with a volume of 809 shares traded.

Analysts Set New Price Targets

HCMLY has been the subject of several recent analyst reports. BNP Paribas Exane raised Holcim from a “neutral” rating to an “outperform” rating in a report on Friday, June 19th. DZ Bank upgraded shares of Holcim from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Holcim in a research note on Friday, July 3rd. Finally, The Goldman Sachs Group raised Holcim from a “hold” rating to a “buy” rating in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Holcim presently has an average rating of “Buy” and a consensus target price of $16.80.

Holcim Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.49. The company’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $18.58.

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.