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Cemargos four-month Colombia rally set to end

Tuesday, October 16, 2012

The four-month rally that made Colombia’s Cementos Argos the most expensive cement stock in the Americas is set to end, according to Barclays.

The 34 percent advance since June in the company known as Cemargos pushed its price-to-earnings ratio to 27.6, the highest of 11 construction and materials suppliers in the Western Hemisphere with a market value of $5 billion or more.

Shares will drop 0.7 percent in the next 12 months, according to the average estimate of 11 analysts surveyed by Bloomberg.

Source: Bloomberg