Heidelberg Materials (OTCMKTS:HDLMY – Get Free Report)’s share price hit a new 52-week low on Wednesday. The company traded as low as $32.21 and last traded at $32.21, with a volume of 38993 shares changing hands. The stock had previously closed at $32.93.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Heidelberg Materials currently has a consensus rating of “Buy”.
Read Our Latest Report on HDLMY
Heidelberg Materials Stock Down 2.2%
About Heidelberg Materials
Heidelberg Materials is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.
The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.
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