Brokerages Set HeidelbergCement AG (HEI) PT at $92.61
HeidelbergCement AG (ETR:HEI) has been assigned an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is €92.61 ($108.96).
A number of analysts have weighed in on the stock. J P Morgan Chase & Co reissued a “neutral” rating on shares of HeidelbergCement AG in a research report on Tuesday, August 15th. Independent Research GmbH set a €90.00 ($105.88) target price on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research report on Monday, September 25th. Jefferies Group LLC set a €98.00 ($115.29) target price on shares of HeidelbergCement AG and gave the company a “buy” rating in a research report on Wednesday, September 27th. Deutsche Bank AG set a €98.00 ($115.29) target price on shares of HeidelbergCement AG and gave the company a “buy” rating in a research report on Thursday. Finally, UBS AG set a €90.00 ($105.88) target price on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research report on Thursday, July 13th.
HeidelbergCement AG (HEI) traded up 0.763% on Friday, reaching €86.096. 1,037 shares of the company traded hands. The stock has a market capitalization of €17.12 billion and a PE ratio of 22.837. The firm has a 50 day moving average of €82.37 and a 200-day moving average of €84.66. HeidelbergCement AG has a one year low of €76.95 and a one year high of €94.42.
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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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