HeidelbergCement (HEI) Stock Rating Reaffirmed by DZ Bank
HeidelbergCement (ETR:HEI)‘s stock had its “buy” rating restated by stock analysts at DZ Bank in a note issued to investors on Wednesday.
Several other research analysts have also weighed in on HEI. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of HeidelbergCement in a research note on Tuesday, August 15th. Independent Research set a €90.00 ($107.14) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research note on Monday, September 25th. Sanford C. Bernstein set a €97.75 ($116.37) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Deutsche Bank set a €98.00 ($116.67) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group set a €98.00 ($116.67) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. HeidelbergCement 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) during mid-day trading on Wednesday, reaching €89.99 ($107.13). 341,511 shares of the company’s stock traded hands, compared to its average volume of 782,003. HeidelbergCement has a one year low of €76.94 ($91.60) and a one year high of €93.80 ($111.67).
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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