HeidelbergCement AG (HEI) Given a €102.00 Price Target at HSBC Holdings plc
HeidelbergCement AG (ETR:HEI) has been given a €102.00 ($120.00) price target by analysts at HSBC Holdings plc in a report released on Wednesday. The brokerage currently has a “buy” rating on the basic materials company’s stock.
A number of other research analysts have also recently weighed in on HEI. J P Morgan Chase & Co reiterated a “neutral” rating on shares of HeidelbergCement AG in a report on Tuesday, August 15th. Independent Research GmbH set a €90.00 ($105.88) target price on HeidelbergCement AG and gave the company a “neutral” rating in a report on Monday, September 25th. Deutsche Bank AG set a €98.00 ($115.29) target price on HeidelbergCement AG and gave the company a “buy” rating in a report on Thursday, October 5th. UBS AG set a €90.00 ($105.88) target price on HeidelbergCement AG and gave the company a “neutral” rating in a report on Thursday, July 13th. Finally, Societe Generale set a €83.00 ($97.65) target price on HeidelbergCement AG and gave the company a “neutral” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. HeidelbergCement AG has an average rating of “Hold” and an average price target of €92.92 ($109.31).
HeidelbergCement AG (ETR HEI) traded up 0.779% on Wednesday, reaching €86.037. The company’s stock had a trading volume of 205 shares. The stock has a market capitalization of €17.11 billion and a P/E ratio of 22.821. The firm has a 50 day moving average price of €82.82 and a 200 day moving average price of €84.59. HeidelbergCement AG has a 52 week low of €76.95 and a 52 week high of €94.42.
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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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