HeidelbergCement (HEI) Given a €104.60 Price Target at Deutsche Bank
HeidelbergCement (ETR:HEI) received a €104.60 ($124.52) target price from research analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price objective points to a potential upside of 11.09% from the company’s current price.
A number of other brokerages have also commented on HEI. Sanford C. Bernstein set a €105.00 ($125.00) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Monday. Commerzbank set a €109.00 ($129.76) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, November 21st. Citigroup set a €102.00 ($121.43) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, November 16th. Independent Research set a €95.00 ($113.10) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, Nord/LB set a €85.00 ($101.19) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of €96.32 ($114.67).
Shares of HeidelbergCement (ETR HEI) opened at €94.16 ($112.10) on Wednesday. The company has a market cap of $18,680.00 and a price-to-earnings ratio of 20.43. HeidelbergCement has a one year low of €76.94 ($91.60) and a one year high of €94.40 ($112.38).
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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