HeidelbergCement AG (ETR:HEI) has been given a €104.60 ($123.06) target price by stock analysts at Deutsche Bank AG in a research report issued on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 14.73% from the stock’s previous close.
Other analysts have also recently issued reports about the company. set a €107.00 ($125.88) price objective on HeidelbergCement AG and gave the company a “buy” rating in a research report on Thursday, August 3rd. DZ Bank AG reaffirmed a “buy” rating on shares of HeidelbergCement AG in a research note on Tuesday, August 1st. Sanford C. Bernstein set a €101.00 ($118.82) price target on HeidelbergCement AG and gave the stock a “buy” rating in a research note on Monday, July 31st. Kepler Capital Markets set a €85.00 ($100.00) price target on HeidelbergCement AG and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Finally, Citigroup Inc. set a €95.00 ($111.76) price target on HeidelbergCement AG and gave the stock a “buy” rating in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of €95.85 ($112.76).
Shares of HeidelbergCement AG (ETR HEI) opened at €91.17 ($107.26) on Monday. HeidelbergCement AG has a 12-month low of €76.94 ($90.52) and a 12-month high of €94.00 ($110.59).
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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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