Anhui Conch Cement (OTCMKTS:AHCHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The firm currently has a $33.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.95% from the stock’s current price.
According to Zacks, “Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells clinkers and cement products under the CONCH brand in the People’s Republic of China and internationally. It also provides construction and installation services for industrial purposes; logistic and loading services; and mining and related services. In addition, the company manufactures and sells cement packaging products and refractory materials; trades in coal products; and develops and sells profile and related products, as well as exports clinker and cement products. Anhui Conch or Conch Cement is the largest cement manufacturer in the mainland China. “
AHCHY stock opened at $30.29 on Monday. The company has a market capitalization of $7.87 billion, a P/E ratio of 6.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 3.54. The business has a 50-day moving average price of $31.79 and a 200 day moving average price of $31.96. Anhui Conch Cement has a 1-year low of $29.14 and a 1-year high of $40.04.
About Anhui Conch Cement
Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products in the People's Republic of China and internationally. It primarily offers Portland cement, ordinary Portland cement, slag Portland cement, composite Portland cement under the CONCH brand.
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