HeidelbergCement AG (HEI) Receives Consensus Rating of “Buy” from Analysts
Shares of HeidelbergCement AG (ETR:HEI) have been given an average recommendation of “Buy” by the nineteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is €95.73 ($113.96).
HEI has been the subject of a number of research analyst reports. Deutsche Bank set a €98.00 ($116.67) price target on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co set a €86.00 ($102.38) price target on shares of HeidelbergCement and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Kepler Capital Markets set a €85.00 ($101.19) price target on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Citigroup set a €95.00 ($113.10) price target on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, August 31st. Finally, DZ Bank restated a “buy” rating on shares of HeidelbergCement in a research note on Wednesday, September 6th.
Shares of HeidelbergCement (ETR:HEI) traded down €0.77 ($0.92) during mid-day trading on Thursday, reaching €89.22 ($106.21). The company’s stock had a trading volume of 789,214 shares, compared to its average volume of 782,003. HeidelbergCement has a 52-week low of €76.94 ($91.60) and a 52-week high of €93.80 ($111.67).
HeidelbergCement 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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