HeidelbergCement (ETR:HEI) received a €84.00 ($100.00) target price from analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The brokerage currently has a “sell” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price target points to a potential downside of 6.58% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. set a €102.00 ($121.43) price objective on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Berenberg Bank set a €99.00 ($117.86) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Wednesday, October 18th. UBS Group set a €86.50 ($102.98) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Monday, October 16th. S&P Global set a €80.00 ($95.24) target price on shares of HeidelbergCement and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Finally, Sanford C. Bernstein set a €96.08 ($114.38) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €96.45 ($114.82).
Shares of HeidelbergCement (ETR:HEI) traded up €0.66 ($0.79) during trading on Wednesday, hitting €89.92 ($107.05). 781,730 shares of the stock were exchanged, compared to its average volume of 591,583. HeidelbergCement has a twelve month low of €76.94 ($91.60) and a twelve month high of €96.00 ($114.29). The firm has a market capitalization of $17,840.00 and a PE ratio of 19.51.
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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