HeidelbergCement AG (ETR:HEI)‘s stock had its “buy” rating reaffirmed by investment analysts at DZ Bank AG in a report released on Wednesday.

A number of other brokerages have also weighed in on HEI. Societe Generale set a €83.00 ($91.21) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. set a €79.00 ($86.81) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Friday, August 12th. Deutsche Bank AG set a €86.00 ($94.51) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Monday, October 10th. Commerzbank AG set a €90.00 ($98.90) target price on HeidelbergCement AG and gave the stock a “buy” rating in a research report on Monday. Finally, Sanford C. Bernstein set a €95.00 ($104.40) target price on HeidelbergCement AG and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €85.93 ($94.42).

Analyst Recommendations for HeidelbergCement AG (ETR:HEI)

Shares of HeidelbergCement AG (ETR:HEI) opened at 91.06 on Wednesday. HeidelbergCement AG has a one year low of €58.70 and a one year high of €94.42. The firm’s 50-day moving average price is €85.11 and its 200 day moving average price is €78.13. The firm has a market cap of €17.15 billion and a P/E ratio of 19.05.

About HeidelbergCement AG

Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services.

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