Barclays analyst Benjamin Theurer maintained a Hold rating on Cemex SAB (CX – Research Report) yesterday and set a price target of $9.00. The company’s shares closed yesterday at $8.43.
According to TipRanks, Theurer is a 4-star analyst with an average return of 5.4% and a 54.70% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Ingredion, Coca Cola Femsa SAB De CV, and Beyond Meat.
Currently, the analyst consensus on Cemex SAB is a Strong Buy with an average price target of $9.25.
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The company has a one-year high of $8.81 and a one-year low of $4.94. Currently, Cemex SAB has an average volume of 5.98M.
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Cemex SAB (CX) Company Description:
CEMEX SAB de CV engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, and aggregates. It operates though the following geographical segments: Mexico; United States; Europe; South, Central America and the Caribbean (SCA&C); Asia, Middle East and Africa (AMEA); and Others. The Europe segment covers United Kingdom, Germany, France, Spain, and Czech Republic, Poland and Latvia, as well as trading activities in Scandinavia, and Finland. The SCA&C segment includes Colombia, Panama, Costa Rica, Caribbean TCL, the Dominican Republic, Puerto Rico, Nicaragua, Jamaica, the Caribbean, El Salvador, and Guatemala. The EMEA segment comprises of Egypt, Israel, the Philippines, and the United Arab Emirates. The Others segment refers to the cement trade maritime operations, information technology solutions business, and other corporate entities as well as other minor subsidiaries with different lines of business. The company was founded by Lorenzo Zambrano Gutierrez in 1906 and is headquartered in San Pedro Garza Garcia, Mexico.
