Cemex CX shares were trading higher Friday after ScotiaBank Maintained a Sector Perform rating on the stock and raised its price target from $3.70 to $4.20 per share.
Cemex is the largest ready-mix concrete company and one of the largest aggregates companies in the world.
In 2019, the company sold roughly 63 million tons of cement, 50 million cubic meters of ready-mix and 135 million tons of aggregates.
Cemex shares were trading up 8% to $3.78 at the time of publication Friday. The stock has a 52-week high of $4.37 and a 52-week low of $1.55.
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