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



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