Independent Research GmbH Reiterates “€90.00” Price Target for HeidelbergCement AG (HEI)
HeidelbergCement AG (ETR:HEI) has been given a €90.00 ($107.14) target price by equities research analysts at Independent Research GmbH in a report issued on Monday. The brokerage currently has a “neutral” rating on the basic materials company’s stock.
Several other research firms also recently weighed in on HEI. J P Morgan Chase & Co reiterated a “neutral” rating on shares of HeidelbergCement AG in a research report on Tuesday, August 15th. S&P Global set a €80.00 ($95.24) price target on shares of HeidelbergCement AG and gave the stock a “sell” rating in a research report on Wednesday, August 2nd. UBS AG set a €90.00 ($107.14) price target on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Kepler Capital Markets set a €85.00 ($101.19) price target on shares of HeidelbergCement AG and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Commerzbank Ag set a €83.00 ($98.81) price target on shares of HeidelbergCement AG and gave the stock a “sell” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of €93.15 ($110.90).
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About HeidelbergCement AG
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.
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