ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) shares reached a new 52-week high on Wednesday . The stock traded as high as $34.41 and last traded at $34.35, with a volume of 9953 shares. The stock had previously closed at $32.94.
A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of ANHUI CONCH CEM/ADR from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research upgraded ANHUI CONCH CEM/ADR from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, October 25th.
The business’s fifty day simple moving average is $31.28 and its 200 day simple moving average is $29.91. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 8.08 and a beta of 1.58.
Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells cement, commodity clinker, and aggregates in the People's Republic of China and internationally. The company primarily offers cement and commodity clinker under the CONCH brand. It also provides construction and installation services for industrial purposes; logistic services; and mining and related services.
Further Reading: Sell-Side Analysts
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