Heidelberg Materials (OTCMKTS:HDLMY) Sees Unusually-High Trading Volume – Still a Buy?

Heidelberg Materials (OTCMKTS:HDLMY) saw unusually-high trading volume on Friday . Approximately 89,123 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 39,465 shares.The stock last traded at $53.86 and had previously closed at $54.12.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HDLMY shares. Zacks Research cut Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, December 26th. Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Finally, Royal Bank Of Canada lowered shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Heidelberg Materials Stock Performance

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.