Citigroup Inc. Analysts Give HeidelbergCement AG (HEI) a €102.00 Price Target
HeidelbergCement AG (ETR:HEI) received a €102.00 ($118.60) price target from equities research analysts at Citigroup Inc. in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup Inc.’s price target indicates a potential upside of 10.40% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG set a €98.00 ($113.95) price objective on HeidelbergCement AG and gave the company a “buy” rating in a research note on Wednesday, August 2nd. DZ Bank AG restated a “buy” rating on shares of HeidelbergCement AG in a research note on Tuesday, August 1st. Sanford C. Bernstein set a €101.00 ($117.44) price objective on HeidelbergCement AG and gave the company a “buy” rating in a research note on Monday, July 31st. set a €107.00 ($124.42) price objective on HeidelbergCement AG and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Kepler Capital Markets set a €85.00 ($98.84) price objective on HeidelbergCement AG and gave the company a “buy” rating in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €94.03 ($109.33).
Shares of HeidelbergCement AG (ETR HEI) traded up €2.96 ($3.44) during midday trading on Thursday, reaching €92.39 ($107.43). The company’s stock had a trading volume of 791,608 shares, compared to its average volume of 684,244. HeidelbergCement AG has a 12-month low of €76.94 ($89.47) and a 12-month high of €92.98 ($108.12).
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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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