Separately, Zacks Investment Research upgraded ANHUI CONCH CEM/ADR from a hold rating to a buy rating and set a $33.00 target price on the stock in a research report on Friday, October 25th.
ANHUI CONCH CEM/ADR stock traded up $0.22 during midday trading on Thursday, reaching $30.33. 9,101 shares of the stock traded hands, compared to its average volume of 14,659. ANHUI CONCH CEM/ADR has a 12-month low of $22.70 and a 12-month high of $33.34. The firm has a market cap of $7.83 billion, a PE ratio of 7.14 and a beta of 1.57. The company has a 50-day simple moving average of $30.17 and a two-hundred day simple moving average of $29.60.
About ANHUI CONCH CEM/ADR
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.
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