Jefferies Group LLC set a €98.00 ($116.67) price target on HeidelbergCement AG (ETR:HEI) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other brokerages also recently issued reports on HEI. Berenberg Bank set a €99.00 ($117.86) price objective on HeidelbergCement AG and gave the company a buy rating in a research report on Thursday, July 13th. UBS AG set a €90.00 ($107.14) price objective on HeidelbergCement AG and gave the company a neutral rating in a research report on Thursday, July 13th. J P Morgan Chase & Co set a €91.00 ($108.33) price objective on HeidelbergCement AG and gave the company a neutral rating in a research report on Monday, July 10th. Sanford C. Bernstein set a €102.00 ($121.43) price objective on HeidelbergCement AG and gave the company a buy rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG set a €99.00 ($117.86) price objective on HeidelbergCement AG and gave the company a buy rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. HeidelbergCement AG presently has a consensus rating of Hold and a consensus target price of €92.92 ($110.62).

HeidelbergCement AG (HEI) traded up 0.826% on Wednesday, hitting €86.568. The stock had a trading volume of 340 shares. The firm’s 50-day moving average price is €81.33 and its 200-day moving average price is €84.99. HeidelbergCement AG has a 1-year low of €76.95 and a 1-year high of €94.42. The firm has a market cap of €17.21 billion and a P/E ratio of 22.962.

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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.

Analyst Recommendations for HeidelbergCement AG (ETR:HEI)

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