HeidelbergCement (ETR:HEI) has been assigned a €102.00 ($125.93) price target by equities research analysts at Jefferies Group in a report released on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Jefferies Group’s price objective would suggest a potential upside of 22.07% from the company’s previous close.
A number of other brokerages also recently commented on HEI. Deutsche Bank set a €104.60 ($129.14) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Morgan Stanley set a €94.00 ($116.05) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research note on Friday, January 12th. Sanford C. Bernstein set a €105.00 ($129.63) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Monday, January 8th. Commerzbank set a €109.00 ($134.57) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, Citigroup set a €102.00 ($125.93) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €96.39 ($119.01).
HeidelbergCement (HEI) opened at €83.56 ($103.16) on Wednesday. The company has a market cap of $16,620.00 and a price-to-earnings ratio of 18.13. HeidelbergCement has a 12 month low of €76.94 ($94.99) and a 12 month high of €96.00 ($118.52).
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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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