Berenberg Bank Analysts Give HeidelbergCement AG (HEI) a €75.00 Price Target
HeidelbergCement AG (ETR:HEI) has been assigned a €75.00 ($83.33) target price by analysts at Berenberg Bank in a report issued on Wednesday. The firm presently has a a “buy” rating on the stock.
HEI has been the subject of several other reports. Kepler Capital Markets set a €78.00 ($86.67) target price on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a report on Friday, September 2nd. Independent Research GmbH set a €85.00 ($94.44) target price on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a report on Monday, May 30th. Nord/LB set a €76.00 ($84.44) target price on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a report on Monday, August 22nd. Sanford C. Bernstein set a €95.00 ($105.56) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, August 31st. Finally, DZ Bank AG reissued a “buy” rating on shares of HeidelbergCement AG in a report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. HeidelbergCement AG has an average rating of “Hold” and a consensus price target of €83.70 ($93.00).
HeidelbergCement AG (ETR:HEI) opened at 81.50 on Wednesday. HeidelbergCement AG has a 12-month low of €58.70 and a 12-month high of €84.18. The company has a 50-day moving average of €79.82 and a 200 day moving average of €75.32. The company has a market capitalization of €15.35 billion and a P/E ratio of 17.05.
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About HeidelbergCement AG
Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services.
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