Price Target Update on Cemex S.A.B. de C.V. (NYSE:CX)

Cemex S.A.B. de C.V. (NYSE:CX) : The most positive equity analysts on Cemex S.A.B. de C.V. (NYSE:CX) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $8.65 with an expected fluctuation of $0.85 from the mean.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Citigroup reinstates its ratings on Cemex S.A.B. de C.V. (NYSE:CX). In the latest research report, Citigroup raises the target price from $7 per share to $8.3 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 26, 2016.

Cemex S.A.B. de C.V. (NYSE:CX): stock turned positive on Thursday. Though the stock opened at $6.7, the bulls momentum made the stock top out at $6.805 level for the day. The stock recorded a low of $6.665 and closed the trading day at $6.8, in the green by 4.29%. The total traded volume for the day was 7,704,303. The stock had closed at $6.52 in the previous days trading.

The company shares have dropped -28.70% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $9.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.52 and the 200 Day Moving Average price is recorded at $5.81.

CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Companys main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

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