HeidelbergCement AG (HDELY) Lifted to Overweight at Barclays PLC
HeidelbergCement AG (OTCMKTS:HDELY) was upgraded by equities researchers at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, Marketbeat Ratings reports.
A number of other research firms have also recently issued reports on HDELY. Davy Research upgraded HeidelbergCement AG from a “neutral” rating to an “outperform” rating in a report on Friday, June 16th. Citigroup Inc. upgraded HeidelbergCement AG from a “neutral” rating to a “buy” rating in a report on Thursday, August 31st. Societe Generale upgraded HeidelbergCement AG from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Finally, Kepler Capital Markets upgraded shares of HeidelbergCement AG from a “reduce” rating to a “hold” rating in a research note on Friday, June 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy”.
Shares of HeidelbergCement AG (HDELY) traded up 0.92% during mid-day trading on Thursday, reaching $19.75. The company’s stock had a trading volume of 12,834 shares. The company has a 50 day moving average of $19.24 and a 200-day moving average of $19.03. HeidelbergCement AG has a 12 month low of $17.44 and a 12 month high of $20.15. The firm has a market capitalization of $19.63 billion, a P/E ratio of 22.36 and a beta of 1.25.
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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