HeidelbergCement (HEI) Given a €84.00 Price Target by J P Morgan Chase & Co Analysts
HeidelbergCement (ETR:HEI) has been given a €84.00 ($100.00) price target by J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the basic materials company’s stock. J P Morgan Chase & Co’s price target suggests a potential downside of 6.66% from the stock’s current price.
Other equities analysts have also issued reports about the company. Deutsche Bank set a €98.00 ($116.67) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Wednesday, August 16th. DZ Bank reiterated a “buy” rating on shares of HeidelbergCement in a research report on Wednesday, September 6th. Sanford C. Bernstein set a €101.12 ($120.38) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Friday, September 8th. Barclays set a €94.00 ($111.90) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, September 7th. Finally, Citigroup set a €95.00 ($113.10) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of €95.90 ($114.17).
Shares of HeidelbergCement (ETR HEI) traded down €0.31 ($0.37) on Wednesday, hitting €89.99 ($107.13). The company had a trading volume of 341,511 shares, compared to its average volume of 791,601. HeidelbergCement has a 1-year low of €76.94 ($91.60) and a 1-year high of €93.80 ($111.67).
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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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