HeidelbergCement AG (HDELY) Receives Average Rating of “Buy” from Analysts
Shares of HeidelbergCement AG (OTC:HDELY) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.
Several brokerages have weighed in on HDELY. Jefferies Group LLC began coverage on shares of HeidelbergCement AG in a research note on Wednesday. They issued a “buy” rating for the company. Barclays PLC upgraded shares of HeidelbergCement AG from an “equal weight” rating to an “overweight” rating in a research report on Thursday, September 7th. Kepler Capital Markets upgraded shares of HeidelbergCement AG from a “reduce” rating to a “hold” rating in a research report on Friday, June 9th. Citigroup Inc. upgraded shares of HeidelbergCement AG from a “neutral” rating to a “buy” rating in a research report on Thursday, August 31st. Finally, Davy Research upgraded shares of HeidelbergCement AG from a “neutral” rating to an “outperform” rating in a research report on Friday, June 16th.
HeidelbergCement AG (HDELY) traded up 0.93% during mid-day trading on Wednesday, reaching $20.56. 36,780 shares of the company were exchanged. HeidelbergCement AG has a 12-month low of $17.52 and a 12-month high of $20.56. The stock has a market capitalization of $20.44 billion, a price-to-earnings ratio of 22.69 and a beta of 1.25. The company’s 50 day moving average price is $19.23 and its 200-day moving average price is $19.09.
HeidelbergCement AG Company Profile
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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