HeidelbergCement AG (HDELY) Downgraded by J P Morgan Chase & Co to “Underweight”
HeidelbergCement AG (OTC:HDELY) was downgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued on Wednesday, StockTargetPrices.com reports.
Several other research analysts have also weighed in on the stock. Citigroup Inc. upgraded shares of HeidelbergCement AG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 31st. Barclays PLC upgraded shares of HeidelbergCement AG from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 7th. Finally, Jefferies Group LLC began coverage on shares of HeidelbergCement AG in a research note on Wednesday, September 27th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold”.
Shares of HeidelbergCement AG (OTC:HDELY) traded down 0.33% during mid-day trading on Wednesday, reaching $19.68. 827 shares of the company were exchanged. The company’s 50 day moving average price is $19.81 and its 200 day moving average price is $19.25. HeidelbergCement AG has a 12 month low of $17.52 and a 12 month high of $20.56. The firm has a market capitalization of $19.57 billion, a PE ratio of 21.72 and a beta of 1.26.
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HeidelbergCement AG Company Profile
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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