HeidelbergCement (ETR:HEI) has been assigned a €104.00 ($120.93) price objective by equities research analysts at Sanford C. Bernstein in a report released on Wednesday, June 20th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 44.16% from the stock’s previous close.
Several other equities analysts also recently commented on HEI. Independent Research set a €89.00 ($103.49) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, June 13th. Morgan Stanley set a €85.00 ($98.84) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, June 13th. JPMorgan Chase & Co. set a €87.00 ($101.16) price target on HeidelbergCement and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Commerzbank set a €97.00 ($112.79) price target on HeidelbergCement and gave the company a “buy” rating in a research report on Wednesday, June 13th. Finally, Goldman Sachs Group set a €97.00 ($112.79) price target on HeidelbergCement and gave the company a “buy” rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €92.08 ($107.07).
HeidelbergCement stock opened at €72.14 ($83.88) on Wednesday. HeidelbergCement has a one year low of €76.94 ($89.47) and a one year high of €96.00 ($111.63).
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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