HeidelbergCement AG (ETR:HEI) has been assigned an average rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is €94.18 ($109.51).
HEI has been the subject of several recent research reports. J P Morgan Chase & Co reissued a “neutral” rating on shares of HeidelbergCement AG in a report on Tuesday, August 15th. S&P Global set a €80.00 ($93.02) target price on shares of HeidelbergCement AG and gave the stock a “sell” rating in a report on Wednesday, August 2nd. UBS AG set a €90.00 ($104.65) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Tuesday, August 1st. Kepler Capital Markets set a €85.00 ($98.84) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, Commerzbank Ag set a €81.00 ($94.19) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Monday, August 14th.
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Shares of HeidelbergCement AG (HEI) traded up €0.34 ($0.40) during trading on Friday, hitting €92.78 ($107.88). 1,533,892 shares of the company traded hands, compared to its average volume of 684,130. HeidelbergCement AG has a 12-month low of €76.94 ($89.47) and a 12-month high of €92.98 ($108.12).
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.
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