HeidelbergCement (ETR:HEI) Given a €73.00 Price Target at Independent Research

HeidelbergCement (ETR:HEI) has been assigned a €73.00 ($84.88) price target by investment analysts at Independent Research in a report released on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s price objective would indicate a potential upside of 12.24% from the company’s current price.

Several other research analysts have also commented on the company. Oddo Bhf set a €85.00 ($98.84) price target on HeidelbergCement and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Goldman Sachs Group set a €79.00 ($91.86) price target on HeidelbergCement and gave the stock a “buy” rating in a research report on Thursday. Nord/LB set a €64.00 ($74.42) price target on HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Deutsche Bank set a €72.00 ($83.72) price target on HeidelbergCement and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Credit Suisse Group set a €74.00 ($86.05) price target on HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of €74.74 ($86.90).

Shares of HeidelbergCement stock traded up €0.04 ($0.05) during trading on Friday, reaching €65.04 ($75.63). 840,911 shares of the stock traded hands, compared to its average volume of 712,290. The company has a market capitalization of $12.81 billion and a price-to-earnings ratio of 13.17. The business has a fifty day simple moving average of €64.97 and a two-hundred day simple moving average of €66.79. The company has a debt-to-equity ratio of 72.79, a current ratio of 0.94 and a quick ratio of 0.64. HeidelbergCement has a 52-week low of €51.84 ($60.28) and a 52-week high of €73.52 ($85.49).

About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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