Barclays Lowers Vicat (OTCMKTS:SDCVF) Price Target to €29.00 - Defense World

2022-08-02 09:26:06 By : Ms. Joyce Yin

Posted by admin on Aug 2nd, 2022

Vicat (OTCMKTS:SDCVF – Get Rating) had its target price cut by Barclays from €30.00 ($30.93) to €29.00 ($29.90) in a research report sent to investors on Monday morning, The Fly reports.

Several other equities research analysts have also issued reports on the company. Berenberg Bank dropped their price target on Vicat from €40.00 ($41.24) to €32.00 ($32.99) in a research note on Monday, June 13th. Citigroup lowered their price target on Vicat to €43.00 ($44.33) and set a buy rating for the company in a research report on Monday, May 9th. Finally, Exane BNP Paribas downgraded Vicat from an outperform rating to a neutral rating and set a €32.00 ($32.99) target price on the stock. in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $34.00.

Shares of OTCMKTS SDCVF opened at $26.50 on Monday. Vicat has a fifty-two week low of $26.03 and a fifty-two week high of $50.58. The stock has a fifty day moving average of $30.20 and a 200-day moving average of $34.90.

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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