Posted by admin on Jul 27th, 2022
Exane BNP Paribas downgraded shares of Vicat (OTCMKTS:SDCVF – Get Rating) from an outperform rating to a neutral rating in a report issued on Tuesday morning, The Fly reports. They currently have €32.00 ($32.65) target price on the stock.
Several other research firms have also issued reports on SDCVF. Citigroup dropped their price target on shares of Vicat to €43.00 ($43.88) and set a buy rating for the company in a research report on Monday, May 9th. Barclays dropped their target price on Vicat from €40.00 ($40.82) to €35.00 ($35.71) in a report on Wednesday, May 18th. HSBC cut Vicat from a buy rating to a hold rating in a research report on Monday, March 28th. Finally, Berenberg Bank cut their price objective on Vicat from €40.00 ($40.82) to €32.00 ($32.65) in a report on Monday, June 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $35.50.
Shares of SDCVF stock opened at $26.50 on Tuesday. The firm has a fifty day moving average of $30.76 and a 200-day moving average of $35.28. Vicat has a 52-week low of $26.03 and a 52-week high of $50.58.
Vicat SA produces and sells cement, ready-mixed concrete, and aggregates. The company operates in three segments: Cement, Concrete & Aggregates, and Other Products & Services. It offers various cement products, including Portland cement, Portland composite cement, blast furnace cement, slag cement, and Pozzolan cement for the general contractors, such as concrete mixers; manufacturers of precast concrete products; construction and public works contractors; local authorities; residential property developers or master masons; and construction material wholesalers or retail chains.
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