HeidelbergCement AG (HEI) Given Consensus Recommendation of “Hold” by Brokerages
HeidelbergCement AG (ETR:HEI) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is €92.48 ($108.80).
HEI has been the topic of a number of research analyst reports. Kepler Capital Markets set a €85.00 ($100.00) price target on HeidelbergCement AG and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Deutsche Bank AG set a €98.00 ($115.29) price objective on HeidelbergCement AG and gave the stock a “buy” rating in a research note on Thursday, October 5th. UBS AG set a €90.00 ($105.88) price objective on HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Nord/LB set a €85.00 ($100.00) price objective on HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co set a €86.00 ($101.18) price objective on HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Wednesday, September 20th.
Shares of HeidelbergCement AG (HEI) traded down 0.406% during mid-day trading on Wednesday, hitting €85.682. The stock had a trading volume of 890 shares. The firm has a 50 day moving average of €84.23 and a 200-day moving average of €84.42. HeidelbergCement AG has a one year low of €76.95 and a one year high of €94.42. The stock has a market cap of €17.04 billion and a P/E ratio of 22.727.
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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