Cemex expands Regenera circularity business with acquisition in Berlin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
0mins
Source: Yahoo Finance
Cemex Acquires Majority Stake: Cemex has acquired a majority stake in RC-Baustoffe Berlin GmbH & Co. KG, enhancing its circularity business by integrating the recycling of construction materials into its Regenera operations, which aims to repurpose aggregates for concrete production.
Commitment to Sustainability: This acquisition aligns with Cemex's commitment to sustainability and the circular economy, as it seeks to reduce global waste from construction and demolition while promoting the reuse of materials in the construction value chain.
Analyst Views on CX
Wall Street analysts forecast CX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CX is 11.43 USD with a low forecast of 11.10 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 12.920
Low
11.10
Averages
11.43
High
12.00
Current: 12.920
Low
11.10
Averages
11.43
High
12.00
About CX
Cemex SAB de CV is a Mexico-based operating and holding company primarily engaged, directly or indirectly, through subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other globally provided construction materials. The construction-related services supply customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, Caribbean, Asia, Middle East and Africa. The cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, Poland, Dominican Republic, United Kingdom, Panama, Puerto Rico, Thailand and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
