HeidelbergCement AG (HEI) Given a €86.00 Price Target at Berenberg Bank
HeidelbergCement AG (ETR:HEI) has been assigned a €86.00 ($94.51) target price by Berenberg Bank in a research report issued to clients and investors on Tuesday. The firm presently has a a “neutral” rating on the stock.
Several other research analysts have also recently weighed in on the company. Deutsche Bank AG set a €86.00 ($94.51) price target on HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Monday, October 10th. HSBC set a €90.00 ($98.90) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Wednesday, October 5th. Commerzbank AG set a €90.00 ($98.90) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Tuesday, October 4th. DZ Bank AG reaffirmed a “buy” rating on shares of HeidelbergCement AG in a report on Thursday, September 29th. Finally, Bankhaus Lampe set a €106.00 ($116.48) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of €84.60 ($92.97).
Shares of HeidelbergCement AG (ETR:HEI) opened at 85.501 on Tuesday. HeidelbergCement AG has a 12-month low of €58.70 and a 12-month high of €85.50. The stock has a market cap of €16.10 billion and a PE ratio of 17.891. The firm has a 50 day moving average price of €82.77 and a 200 day moving average price of €76.88.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/heidelbergcement-ag-hei-given-a-86-00-price-target-at-berenberg-bank.html
HeidelbergCement AG Company Profile
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.
Receive News & Ratings for HeidelbergCement AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HeidelbergCement AG and related companies with MarketBeat.com's FREE daily email newsletter.