Hochtief Ag (FRA:HOT) Given Average Rating of “Buy” by Brokerages
Shares of Hochtief Ag (FRA:HOT) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is €134.43 ($156.31).
Several analysts have recently weighed in on HOT shares. Nord/LB set a €100.00 ($116.28) price target on Hochtief and gave the stock a “neutral” rating in a report on Friday, November 22nd. Kepler Capital Markets set a €137.00 ($159.30) price target on Hochtief and gave the stock a “buy” rating in a report on Monday, November 4th. Oddo Bhf set a €127.00 ($147.67) price target on Hochtief and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Independent Research set a €133.00 ($154.65) price target on Hochtief and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, HSBC set a €157.00 ($182.56) price target on Hochtief and gave the stock a “buy” rating in a report on Friday, August 23rd.
FRA:HOT opened at €109.20 ($126.98) on Tuesday. The stock’s 50-day moving average is €110.07 and its 200-day moving average is €106.31. Hochtief has a 1-year low of €128.00 ($148.84) and a 1-year high of €175.00 ($203.49).
HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. The company operates through HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe divisions. The HOCHTIEF Americas division provides building and infrastructure construction services primarily in the United States and Canada, including public buildings, office properties, sports facilities, educational and healthcare properties, transportation infrastructure, hydroelectric power stations, and dams.
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