Citigroup Inc. upgraded shares of Cemex SAB de CV (NYSE:CX) from a neutral rating to a buy rating in a research report released on Monday morning, TheFlyOnTheWall.com reports.
Citigroup Inc. has also updated their ratings on a number of other industrial goods stocks in the last week. The firm upgraded shares of Sina from a sell rating to a buy rating. The firm now has a $100.00 price target on that stock, up previously from $80.00. Also, Citigroup Inc. reiterated its buy rating on shares of Amarin Co. plc. They have a $11.00 price target on that stock, down previously from $13.00. Finally, Citigroup Inc. reiterated its neutral rating on shares of Silver Standard Resources. They have a $8.00 price target on that stock, up previously from $7.00.
CX has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of Cemex SAB de CV from $12.00 to $13.00 in a research note to investors on Friday, August 2nd. They now have an overweight rating on the stock. Separately, analysts at UBS AG upgraded shares of Cemex SAB de CV from a neutral rating to a buy rating in a research note to investors on Thursday, July 25th. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Cemex SAB de CV in a research note to investors on Wednesday, July 10th. They now have a $12.30 price target on the stock, down previously from $12.60.
Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $12.44.
Shares of Cemex SAB de CV (NYSE:CX) traded up 0.60% during mid-day trading on Monday, hitting $12.495. Cemex SAB de CV has a one year low of $6.9904 and a one year high of $12.57. The stock’s 50-day moving average is currently $11.26. The company’s market cap is $14.204 billion.
CEMEX SAB de CV (NYSE:CX) is a Mexico-based company principally engaged, through its subsidiaries, in the cement manufacturing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.