HeidelbergCement AG (HDELY) Given Consensus Recommendation of “Buy” by Analysts
Shares of HeidelbergCement AG (OTCMKTS:HDELY) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company.
Several research analysts recently commented on HDELY shares. Citigroup Inc. raised shares of HeidelbergCement AG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 31st. Barclays PLC raised shares of HeidelbergCement AG from an “equal weight” rating to an “overweight” rating in a research report on Thursday, September 7th. Jefferies Group LLC initiated coverage on shares of HeidelbergCement AG in a research report on Wednesday, September 27th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of HeidelbergCement AG from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 18th.
HeidelbergCement AG (OTCMKTS:HDELY) opened at 20.325 on Friday. The company’s 50 day moving average is $19.99 and its 200 day moving average is $19.32. HeidelbergCement AG has a 12 month low of $17.52 and a 12 month high of $20.56. The stock has a market cap of $20.21 billion, a PE ratio of 22.434 and a beta of 1.26.
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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