HeidelbergCement (HEI) PT Set at €90.00 by UBS Group

HeidelbergCement (ETR:HEI) received a €90.00 ($107.14) price target from UBS Group in a report released on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential downside of 2.05% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a €84.00 ($100.00) price objective on HeidelbergCement and gave the company a “sell” rating in a research report on Thursday. Sanford C. Bernstein set a €105.00 ($125.00) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Tuesday, January 16th. Morgan Stanley set a €94.00 ($111.90) price objective on HeidelbergCement and gave the company a “neutral” rating in a research report on Friday, January 12th. Deutsche Bank set a €104.60 ($124.52) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Independent Research set a €97.00 ($115.48) price objective on HeidelbergCement and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. 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. HeidelbergCement currently has an average rating of “Buy” and an average target price of €96.35 ($114.70).

Shares of HeidelbergCement (ETR HEI) opened at €91.88 ($109.38) on Monday. The stock has a market capitalization of $18,370.00 and a price-to-earnings ratio of 19.93. HeidelbergCement has a 12-month low of €76.94 ($91.60) and a 12-month high of €96.00 ($114.29).

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About HeidelbergCement

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.

Analyst Recommendations for HeidelbergCement (ETR:HEI)

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