Brokerages Set HeidelbergCement AG (HEI) PT at $92.48

HeidelbergCement AG (ETR:HEI) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is €92.79 ($109.17).

Several equities analysts have commented on the company. J P Morgan Chase & Co set a €91.00 ($107.06) price target on HeidelbergCement AG and gave the company a “neutral” rating in a report on Monday, July 17th. Berenberg Bank set a €99.00 ($116.47) price target on HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank AG set a €99.00 ($116.47) price target on HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, July 19th. UBS AG set a €86.50 ($101.76) price target on HeidelbergCement AG and gave the company a “neutral” rating in a report on Friday, August 11th. Finally, DZ Bank AG reaffirmed a “buy” rating on shares of HeidelbergCement AG in a report on Tuesday, August 1st.

Shares of HeidelbergCement AG (ETR:HEI) traded down 0.432% during midday trading on Wednesday, reaching €86.793. The company’s stock had a trading volume of 3,153 shares. The stock has a market capitalization of €17.26 billion and a P/E ratio of 23.022. The stock’s 50-day moving average is €84.67 and its 200 day moving average is €84.44. HeidelbergCement AG has a 12 month low of €76.95 and a 12 month high of €94.42.

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HeidelbergCement AG Company Profile

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 (ETR:HEI)

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