HeidelbergCement AG (HEI) Given a €86.00 Price Target by J P Morgan Chase & Co Analysts
HeidelbergCement AG (ETR:HEI) received a €86.00 ($101.18) target price from stock analysts at J P Morgan Chase & Co in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the basic materials company’s stock.
A number of other equities research analysts have also issued reports on HEI. Sanford C. Bernstein set a €101.00 ($118.82) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a report on Monday, July 31st. Barclays PLC set a €90.00 ($105.88) target price on HeidelbergCement AG and gave the company a “neutral” rating in a research report on Thursday, July 20th. Commerzbank Ag set a €83.00 ($97.65) price target on HeidelbergCement AG and gave the stock a “sell” rating in a research report on Wednesday, July 19th. Deutsche Bank AG set a €99.00 ($116.47) price target on HeidelbergCement AG and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Kepler Capital Markets set a €86.00 ($101.18) price target on HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. HeidelbergCement AG currently has an average rating of “Hold” and an average price target of €92.92 ($109.31).
HeidelbergCement AG (ETR HEI) traded up 0.805% during midday trading on Wednesday, reaching €86.059. 940 shares of the company traded hands. The stock has a market capitalization of €17.11 billion and a P/E ratio of 22.827. The company has a 50 day moving average of €82.82 and a 200-day moving average of €84.59. HeidelbergCement AG has a 12-month low of €76.95 and a 12-month high of €94.42.
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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