HeidelbergCement (HEI) Given a €107.00 Price Target by Commerzbank Analysts

HeidelbergCement (ETR:HEI) has been given a €107.00 ($132.10) price objective by equities research analysts at Commerzbank in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Commerzbank’s target price points to a potential upside of 20.60% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Barclays set a €100.00 ($123.46) price objective on HeidelbergCement and gave the company a “buy” rating in a report on Monday. Kepler Capital Markets set a €87.00 ($107.41) price target on HeidelbergCement and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. set a €84.00 ($103.70) price target on HeidelbergCement and gave the company a “sell” rating in a research note on Wednesday, January 24th. UBS Group set a €90.00 ($111.11) price target on HeidelbergCement and gave the company a “neutral” rating in a research note on Monday, January 22nd. Finally, Sanford C. Bernstein set a €105.00 ($129.63) price target on HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. HeidelbergCement presently has a consensus rating of “Hold” and an average price target of €96.35 ($118.95).

Shares of HeidelbergCement (ETR:HEI) traded down €1.20 ($1.48) during mid-day trading on Monday, hitting €88.72 ($109.53). The company had a trading volume of 658,025 shares, compared to its average volume of 593,204. The stock has a market capitalization of $17,810.00 and a P/E ratio of 19.25. HeidelbergCement has a one year low of €76.94 ($94.99) and a one year high of €96.00 ($118.52).

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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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