HeidelbergCement (OTCMKTS:HDELY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $23.00 price target on the construction company’s stock. Zacks Investment Research‘s target price points to a potential upside of 9.39% from the company’s previous close.
According to Zacks, “HeidelbergCement AG operates as a building materials manufacturer. It engages in the production and distribution of cement and aggregates. The Company also offers ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services. It has operations in sub-Saharan Africa: Benin, DR Congo, Gabon, Ghana, Liberia, Sierra Leone, Tanzania, and Togo. HeidelbergCement AG is headquartered in Heidelberg, Germany. “
Separately, JPMorgan Chase & Co. cut shares of HeidelbergCement from a “neutral” rating to an “underweight” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. HeidelbergCement currently has an average rating of “Buy” and a consensus target price of $23.00.
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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