Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Holcim ( (CH:HOLN) ) has issued an update.
Holcim has finalized the sale of its 83.81% stake in Lafarge Africa PLC to Huaxin Cement for USD 1 billion, enhancing its capital allocation for growth. This divestment allows Holcim to focus on its strategic priorities while ensuring the continued development of the business in Nigeria under Huaxin Cement’s ownership.
The most recent analyst rating on (CH:HOLN) stock is a Hold with a CHF60.00 price target. To see the full list of analyst forecasts on Holcim stock, see the CH:HOLN Stock Forecast page.
More about Holcim
Holcim is a leading partner in sustainable construction, with net sales of CHF 16.2 billion in 2024. Headquartered in Zug, Switzerland, the company operates in 45 markets across Europe, Latin America, and Asia, Middle East & Africa, employing over 48,000 people. Holcim provides high-value building materials and solutions, including brands like ECOPlanet, ECOPact, and ECOCycle.
Average Trading Volume: 1,366,089
Technical Sentiment Signal: Buy
Current Market Cap: CHF36.1B
See more data about HOLN stock on TipRanks’ Stock Analysis page.