HeidelbergCement AG (HEI) Given a €98.00 Price Target at Jefferies Group LLC
HeidelbergCement AG (ETR:HEI) has been given a €98.00 ($113.95) target price by analysts at Jefferies Group LLC in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 10.21% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Sanford C. Bernstein set a €101.00 ($117.44) target price on HeidelbergCement AG and gave the stock a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG set a €98.00 ($113.95) target price on HeidelbergCement AG and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. set a €95.00 ($110.47) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Friday, August 11th. DZ Bank AG reissued a “buy” rating on shares of HeidelbergCement AG in a research report on Wednesday, September 6th. Finally, J P Morgan Chase & Co set a €83.00 ($96.51) price objective on HeidelbergCement AG and gave the company a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of €92.79 ($107.89).
HeidelbergCement AG (ETR HEI) opened at €88.92 ($103.40) on Wednesday. HeidelbergCement AG has a 12-month low of €76.95 ($89.48) and a 12-month high of €94.59 ($109.99).
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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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