HeidelbergCement AG (ETR:HEI) Given Average Recommendation of “Hold” by Brokerages
HeidelbergCement AG (ETR:HEI) has received an average rating of “Hold” from the twenty-one research firms that are covering the stock. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is €83.70 ($93.00).
HEI has been the topic of a number of research analyst reports. Societe Generale set a €83.00 ($92.22) price target on HeidelbergCement AG and gave the company a “neutral” rating in a report on Friday, August 5th. JPMorgan Chase & Co. set a €79.00 ($87.78) price target on HeidelbergCement AG and gave the company a “neutral” rating in a report on Friday, August 12th. Independent Research GmbH set a €76.00 ($84.44) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a report on Monday, August 1st. DZ Bank AG reaffirmed a “buy” rating on shares of HeidelbergCement AG in a report on Tuesday, June 28th. Finally, Kepler Capital Markets set a €78.00 ($86.67) target price on HeidelbergCement AG and gave the stock a “neutral” rating in a report on Friday, September 2nd.
Shares of HeidelbergCement AG (ETR:HEI) traded up 1.35% during trading on Wednesday, hitting €81.55. 1,297 shares of the stock were exchanged. HeidelbergCement AG has a 12-month low of €58.70 and a 12-month high of €84.18. The firm has a 50 day moving average of €79.82 and a 200-day moving average of €75.32. The company has a market cap of €15.36 billion and a price-to-earnings ratio of 17.06.
HeidelbergCement AG Company Profile
Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services.
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