Cemex SAB de CV Lowered to “Sector Perform” at Scotiabank (CX)

Cemex SAB de CV (NYSE: CX) was downgraded by Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $12.00 price target on the stock, down from their previous price target of $12.90. Scotiabank’s price objective would indicate a potential upside of 14.39% from the company’s current price.

Cemex SAB de CV (NYSE: CX) traded down 4.38% on Tuesday, hitting $10.49. Cemex SAB de CV has a 52-week low of $4.75 and a 52-week high of $12.57. The stock’s 50-day moving average is currently $11.. The company’s market cap is $11.912 billion.

A number of other firms have also recently commented on CX. Analysts at Zacks upgraded shares of Cemex SAB de CV from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 22nd. They now have a $12.10 price target on the stock. Separately, analysts at Ativo Research upgraded shares of Cemex SAB de CV from a “most unfavorable” rating to an “unfavorable” rating in a research note to investors on Saturday, May 4th. Finally, analysts at Barclays Capital raised their price target on shares of Cemex SAB de CV from $11.00 to $12.00 in a research note to investors on Friday, May 3rd. They now have an “equal weight” rating on the stock.

Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.19.

CEMEX SAB de CV (NYSE: CX) is a Mexico-based company principally engaged, through its subsidiaries, in the cement manufacturing.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.