HeidelbergCement AG (HDELY) Downgraded by J P Morgan Chase & Co
A number of other brokerages have also issued reports on HDELY. Jefferies Group LLC started coverage on HeidelbergCement AG in a research note on Wednesday, September 27th. They issued a buy rating on the stock. Barclays PLC raised HeidelbergCement AG from an equal weight rating to an overweight rating in a research note on Thursday, September 7th. Finally, Citigroup Inc. raised HeidelbergCement AG from a neutral rating to a buy rating in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy.
HeidelbergCement AG (HDELY) opened at 19.97 on Wednesday. The stock’s 50 day moving average price is $19.92 and its 200-day moving average price is $19.28. HeidelbergCement AG has a 52-week low of $17.52 and a 52-week high of $20.56. The company has a market capitalization of $19.85 billion, a P/E ratio of 22.04 and a beta of 1.26.
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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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