Heidelberg Materials (OTCMKTS:HLBZF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Heidelberg Materials AG (OTCMKTS:HLBZF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $245.72 and traded as low as $235.51. Heidelberg Materials shares last traded at $257.49, with a volume of 160 shares traded.

Analysts Set New Price Targets

HLBZF has been the subject of a number of research reports. Barclays upgraded shares of Heidelberg Materials to an “overweight” rating in a report on Monday, November 17th. UBS Group upgraded Heidelberg Materials to a “buy” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered Heidelberg Materials from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 8th. Morgan Stanley lowered Heidelberg Materials to an “underweight” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heidelberg Materials in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Heidelberg Materials Stock Performance

The firm’s 50-day simple moving average is $266.38 and its two-hundred day simple moving average is $245.95.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.