Heidelberg Materials (OTCMKTS:HDLMY) Sets New 52-Week High – Still a Buy?

Heidelberg Materials (OTCMKTS:HDLMY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.98 and last traded at $55.83, with a volume of 18484 shares. The stock had previously closed at $54.42.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HDLMY shares. Royal Bank Of Canada lowered shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Citigroup reissued a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, January 15th. Zacks Research downgraded shares of Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research report on Friday, December 26th. Finally, Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Heidelberg Materials Price Performance

The business’s fifty day simple moving average is $51.97.

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.