Cementos Pacasmayo S.A.A. (CPAC) Price Target Raised to $12.00 at Barclays PLC

Cementos Pacasmayo S.A.A. (NYSE:CPAC) had its target price increased by Barclays PLC from $11.00 to $12.00 in a report released on Friday morning. Barclays PLC currently has an equal weight rating on the construction company’s stock.

CPAC has been the subject of several other reports. BidaskClub upgraded shares of Cementos Pacasmayo S.A.A. from a sell rating to a hold rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Cementos Pacasmayo S.A.A. from a hold rating to a sell rating in a research note on Tuesday, July 25th. Scotiabank lowered shares of Cementos Pacasmayo S.A.A. from a sector outperform rating to a sector perform rating and increased their target price for the stock from $11.90 to $14.10 in a research note on Saturday, September 16th. Finally, Bank of America Corporation increased their target price on shares of Cementos Pacasmayo S.A.A. from $9.90 to $11.00 and gave the stock an underperform rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $12.37.

Cementos Pacasmayo S.A.A. (CPAC) opened at 12.91 on Friday. The company’s market capitalization is $1.11 billion. The firm has a 50-day moving average of $12.87 and a 200-day moving average of $11.84. Cementos Pacasmayo S.A.A. has a 52 week low of $8.52 and a 52 week high of $13.39.

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A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP increased its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 11.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,297 shares of the construction company’s stock after buying an additional 8,067 shares during the period. Dimensional Fund Advisors LP’s holdings in Cementos Pacasmayo S.A.A. were worth $872,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.06% of the company’s stock.

Cementos Pacasmayo S.A.A. Company Profile

Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others.

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