HeidelbergCement AG (HDELY) Upgraded to Overweight by Barclays PLC
HeidelbergCement AG (OTCMKTS:HDELY) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the company. Citigroup Inc. raised HeidelbergCement AG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 31st. Kepler Capital Markets raised HeidelbergCement AG from a “reduce” rating to a “hold” rating in a research note on Friday, June 9th. Societe Generale raised HeidelbergCement AG from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Davy Research raised HeidelbergCement AG from a “neutral” rating to an “outperform” rating in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. HeidelbergCement AG presently has a consensus rating of “Buy”.
Shares of HeidelbergCement AG (OTCMKTS:HDELY) opened at 19.34 on Thursday. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 21.90 and a beta of 1.25. HeidelbergCement AG has a 12-month low of $17.44 and a 12-month high of $20.15. The stock’s 50 day moving average is $19.26 and its 200-day moving average is $19.02.
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About HeidelbergCement AG
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.
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