HeidelbergCement (ETR:HEI) has been given a €94.00 ($111.90) price target by analysts at Morgan Stanley in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Morgan Stanley’s price target suggests a potential downside of 0.13% from the company’s previous close.
Several other research firms have also recently commented on HEI. Jefferies Group set a €98.00 ($116.67) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Sanford C. Bernstein set a €105.00 ($125.00) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Monday. Kepler Capital Markets set a €85.00 ($101.19) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, September 20th. DZ Bank reiterated a “buy” rating on shares of HeidelbergCement in a research note on Wednesday, December 13th. Finally, Deutsche Bank set a €98.00 ($116.67) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of €96.16 ($114.48).
HeidelbergCement (HEI) opened at €94.12 ($112.05) on Friday. The company has a market capitalization of $18,670.00 and a PE ratio of 20.42. HeidelbergCement has a one year low of €76.94 ($91.60) and a one year high of €95.76 ($114.00).
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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