HeidelbergCement AG (ETR:HEI) has been assigned a €99.00 ($117.86) target price by stock analysts at Berenberg Bank in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the stock. UBS AG set a €90.00 ($107.14) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Monday, May 29th. HSBC Holdings plc set a €120.00 ($142.86) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, June 21st. BNP Paribas set a €107.00 ($127.38) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Monday, May 29th. Sanford C. Bernstein set a €101.00 ($120.24) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Deutsche Bank AG set a €98.00 ($116.67) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of €93.15 ($110.90).

HeidelbergCement AG (ETR HEI) traded up 0.706% on Wednesday, reaching €83.696. 90 shares of the company’s stock traded hands. HeidelbergCement AG has a 52-week low of €76.95 and a 52-week high of €94.42. The firm has a market capitalization of €16.64 billion and a PE ratio of 22.201. The firm’s 50 day moving average price is €81.33 and its 200 day moving average price is €84.99.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/20/heidelbergcement-ag-hei-pt-set-at-99-00-by-berenberg-bank.html.

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.

Analyst Recommendations for HeidelbergCement AG (ETR:HEI)

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.