HSBC set a €89.00 ($98.89) price objective on HeidelbergCement AG (ETR:HEI) in a research report released on Monday morning. The brokerage currently has a a buy rating on the stock.

HEI has been the subject of several other research reports. Kepler Capital Markets set a €78.00 ($86.67) price objective on shares of HeidelbergCement AG and gave the stock a neutral rating in a research report on Friday, September 2nd. Independent Research GmbH set a €85.00 ($94.44) price objective on shares of HeidelbergCement AG and gave the stock a neutral rating in a research report on Monday, May 30th. Nord/LB set a €76.00 ($84.44) price objective on shares of HeidelbergCement AG and gave the stock a neutral rating in a research report on Monday, August 22nd. Sanford C. Bernstein set a €95.00 ($105.56) price target on shares of HeidelbergCement AG and gave the company a buy rating in a research report on Wednesday, August 31st. Finally, DZ Bank AG reiterated a buy rating on shares of HeidelbergCement AG in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €83.70 ($93.00).

HeidelbergCement AG (ETR:HEI) opened at 84.40 on Monday. HeidelbergCement AG has a 12-month low of €58.70 and a 12-month high of €84.92. The firm’s 50-day moving average is €80.30 and its 200 day moving average is €75.47. The stock has a market capitalization of €15.90 billion and a P/E ratio of 17.66.

About HeidelbergCement AG

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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