Sanford C. Bernstein set a €105.00 ($129.63) target price on HeidelbergCement (ETR:HEI) in a research report released on Monday, February 19th. The firm currently has a buy rating on the basic materials company’s stock.
Several other research firms have also commented on HEI. Deutsche Bank set a €104.60 ($129.14) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Wednesday, January 10th. Morgan Stanley set a €94.00 ($116.05) price objective on shares of HeidelbergCement and gave the stock a neutral rating in a report on Friday, January 12th. Commerzbank set a €109.00 ($134.57) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Tuesday, November 21st. Citigroup set a €102.00 ($125.93) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Thursday, November 16th. Finally, JPMorgan Chase & Co. set a €84.00 ($103.70) price objective on shares of HeidelbergCement and gave the stock a sell rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of €96.43 ($119.04).
Shares of HeidelbergCement (ETR:HEI) traded down €0.48 ($0.59) during mid-day trading on Monday, reaching €82.06 ($101.31). 519,133 shares of the company’s stock traded hands, compared to its average volume of 714,063. HeidelbergCement has a one year low of €76.94 ($94.99) and a one year high of €96.00 ($118.52). The stock has a market capitalization of $16,350.00 and a price-to-earnings ratio of 17.80.
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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