HeidelbergCement AG (HEI) Given a €75.00 Price Target at Berenberg Bank
HeidelbergCement AG (ETR:HEI) has been assigned a €75.00 ($83.33) price objective by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday. The firm presently has a a “buy” rating on the stock.
Other equities analysts have also issued reports about the company. Baader Bank set a €90.00 ($100.00) target price on HeidelbergCement AG and gave the company a “buy” rating in a report on Tuesday, June 7th. Sanford C. Bernstein set a €89.00 ($98.89) target price on HeidelbergCement AG and gave the company a “buy” rating in a report on Thursday, June 23rd. BNP Paribas set a €94.50 ($105.00) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Tuesday, June 21st. Bankhaus Lampe set a €90.00 ($100.00) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Monday, June 20th. Finally, Goldman Sachs Group Inc. set a €98.00 ($108.89) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of €83.70 ($93.00).
Shares of HeidelbergCement AG (ETR:HEI) opened at 81.50 on Wednesday. The firm has a market capitalization of €15.35 billion and a PE ratio of 17.05. HeidelbergCement AG has a 52-week low of €58.70 and a 52-week high of €84.18. The firm’s 50-day moving average price is €79.82 and its 200-day moving average price is €75.32.
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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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