HeidelbergCement (HDELY) Coverage Initiated by Analysts at Goldman Sachs Group

Stock analysts at Goldman Sachs Group initiated coverage on shares of HeidelbergCement (OTCMKTS:HDELY) in a research report issued on Monday. The brokerage set a “buy” rating on the construction company’s stock.

Several other research analysts have also commented on HDELY. JPMorgan Chase & Co. upgraded shares of HeidelbergCement from an “underweight” rating to a “neutral” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of HeidelbergCement from a “sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. HeidelbergCement has an average rating of “Buy” and an average price target of $23.00.

HeidelbergCement (OTCMKTS:HDELY) traded up $0.14 during trading on Monday, reaching $20.48. 32,927 shares of the company’s stock traded hands, compared to its average volume of 22,657. The firm has a market cap of $20,178.95, a price-to-earnings ratio of 19.96, a PEG ratio of 1.67 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.57. HeidelbergCement has a 1 year low of $17.97 and a 1 year high of $23.06.

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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.

Analyst Recommendations for HeidelbergCement (OTCMKTS:HDELY)

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