Commerzbank Ag Analysts Give HeidelbergCement AG (ETR:HEI) a €81.00 Price Target
HeidelbergCement AG (ETR:HEI) has been given a €81.00 ($95.29) target price by investment analysts at Commerzbank Ag in a research report issued on Monday. The brokerage presently has a “neutral” rating on the basic materials company’s stock.
Several other equities research analysts have also commented on the stock. UBS AG set a €86.50 ($101.76) price target on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Friday. Citigroup Inc. set a €95.00 ($111.76) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Friday. J P Morgan Chase & Co set a €86.00 ($101.18) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Monday, August 7th. Societe Generale set a €83.00 ($97.65) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Monday, August 7th. Finally, HSBC Holdings plc set a €107.00 ($125.88) price objective on shares of HeidelbergCement AG and gave the stock a “buy” rating in a research note on Thursday, August 3rd. 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’s stock. HeidelbergCement AG has a consensus rating of “Hold” and a consensus price target of €93.12 ($109.55).
Shares of HeidelbergCement AG (HEI) opened at 80.599 on Monday. HeidelbergCement AG has a 12-month low of €77.50 and a 12-month high of €94.42. The stock has a market cap of €16.03 billion and a PE ratio of 21.379. The stock’s 50 day moving average is €84.88 and its 200-day moving average is €86.42.
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About HeidelbergCement AG
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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