Commerzbank AG set a €75.00 ($78.95) price objective on HeidelbergCement AG (ETR:HEI) in a report issued on Wednesday. The brokerage currently has a sell rating on the stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. set a €79.00 ($83.16) price target on shares of HeidelbergCement AG and gave the company a neutral rating in a research note on Friday, August 12th. Bankhaus Lampe set a €106.00 ($111.58) target price on shares of HeidelbergCement AG and gave the stock a buy rating in a research note on Tuesday, September 27th. BNP Paribas set a €88.00 ($92.63) target price on shares of HeidelbergCement AG and gave the stock a buy rating in a research note on Wednesday, August 3rd. Societe Generale set a €75.00 ($78.95) target price on shares of HeidelbergCement AG and gave the stock a sell rating in a research note on Friday, October 21st. Finally, Deutsche Bank AG set a €86.00 ($90.53) target price on shares of HeidelbergCement AG and gave the stock a neutral rating in a research note on Wednesday, October 26th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of €85.53 ($90.03).

Analyst Recommendations for HeidelbergCement AG (ETR:HEI)

HeidelbergCement AG (ETR:HEI) opened at 83.39 on Wednesday. The company’s 50-day moving average is €85.59 and its 200-day moving average is €78.75. HeidelbergCement AG has a 52-week low of €58.70 and a 52-week high of €94.42. The company has a market capitalization of €16.55 billion and a price-to-earnings ratio of 20.95.

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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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