HeidelbergCement AG (HDELY) Receives Average Recommendation of “Buy” from Analysts

Shares of HeidelbergCement AG (OTCMKTS:HDELY) have been given an average rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

HDELY has been the topic of several research analyst reports. Citigroup Inc. upgraded shares of HeidelbergCement AG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 31st. Barclays PLC upgraded shares of HeidelbergCement AG from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Davy Research upgraded shares of HeidelbergCement AG from a “neutral” rating to an “outperform” rating in a research note on Friday, June 16th. Finally, Kepler Capital Markets upgraded shares of HeidelbergCement AG from a “reduce” rating to a “hold” rating in a research note on Friday, June 9th.

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HeidelbergCement AG (OTCMKTS:HDELY) traded up 0.92% during mid-day trading on Thursday, reaching $19.75. 12,834 shares of the company traded hands. HeidelbergCement AG has a 52-week low of $17.44 and a 52-week high of $20.15. The company has a market capitalization of $19.63 billion, a P/E ratio of 22.36 and a beta of 1.25. The stock has a 50 day moving average price of $19.24 and a 200-day moving average price of $19.03.

About HeidelbergCement AG

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.

Analyst Recommendations for HeidelbergCement AG (OTCMKTS:HDELY)

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