UBS Analysts Give HeidelbergCement (HEI) a €86.50 Price Target
HeidelbergCement (ETR:HEI) has been given a €86.50 ($101.76) target price by equities research analysts at UBS in a research report issued to clients and investors on Tuesday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS’s price target would suggest a potential downside of 3.23% from the stock’s current price.
Several other research firms have also recently weighed in on HEI. J P Morgan Chase & Co reissued a “neutral” rating on shares of HeidelbergCement in a research report on Tuesday, August 15th. Commerzbank set a €109.00 ($128.24) price objective on HeidelbergCement and gave the stock a “buy” rating in a research report on Tuesday, November 21st. S&P Global set a €80.00 ($94.12) price objective on HeidelbergCement and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. Kepler Capital Markets set a €85.00 ($100.00) price objective on HeidelbergCement and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Citigroup set a €95.00 ($111.76) price objective on HeidelbergCement and gave the stock a “buy” rating in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. HeidelbergCement has a consensus rating of “Buy” and an average price target of €95.85 ($112.76).
Shares of HeidelbergCement (ETR:HEI) opened at €89.39 ($105.16) on Tuesday. HeidelbergCement has a 12-month low of €76.94 ($90.52) and a 12-month high of €93.80 ($110.35).
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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