Heidelberg Materials (OTCMKTS:HDLMY) Raised to “Moderate Buy” at Royal Bank Of Canada

Heidelberg Materials (OTCMKTS:HDLMY) was upgraded by equities researchers at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday, Zacks reports.

Separately, Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Heidelberg Materials Price Performance

Shares of HDLMY stock opened at $32.08 on Friday. Heidelberg Materials has a fifty-two week low of $30.85 and a fifty-two week high of $57.79. The stock’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $39.44.

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.