HeidelbergCement AG (HEI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of HeidelbergCement AG (ETR:HEI) have been assigned an average rating of “Hold” from the twenty-one analysts that are presently covering the stock. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is €85.53 ($90.03).
Several analysts have recently weighed in on the company. Sanford C. Bernstein set a €95.00 ($100.00) price objective on HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, August 31st. Kepler Capital Markets set a €78.00 ($82.11) price objective on HeidelbergCement AG and gave the company a “neutral” rating in a report on Wednesday, November 9th. HSBC set a €89.00 ($93.68) price objective on HeidelbergCement AG and gave the company a “buy” rating in a report on Monday, September 19th. DZ Bank AG restated a “buy” rating on shares of HeidelbergCement AG in a report on Wednesday, November 9th. Finally, Deutsche Bank AG set a €86.00 ($90.53) price objective on HeidelbergCement AG and gave the company a “neutral” rating in a report on Thursday, November 10th.
Shares of HeidelbergCement AG (ETR:HEI) traded down 1.266% during mid-day trading on Wednesday, reaching €84.833. The company’s stock had a trading volume of 1,052 shares. The company has a market capitalization of €16.83 billion and a PE ratio of 21.315. The firm’s 50 day moving average is €85.59 and its 200-day moving average is €78.75. HeidelbergCement AG has a 52-week low of €58.70 and a 52-week high of €94.42.
HeidelbergCement AG Company Profile
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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