HeidelbergCement’s (HEI) Buy Rating Reaffirmed at DZ Bank
Other analysts also recently issued research reports about the company. J P Morgan Chase & Co reaffirmed a neutral rating on shares of HeidelbergCement in a research note on Tuesday, August 15th. Commerzbank set a €109.00 ($129.76) price objective on HeidelbergCement and gave the stock a buy rating in a research note on Tuesday, November 21st. Kepler Capital Markets set a €85.00 ($101.19) price objective on HeidelbergCement and gave the stock a buy rating in a research note on Wednesday, August 30th. Citigroup set a €95.00 ($113.10) target price on HeidelbergCement and gave the stock a buy rating in a report on Thursday, August 31st. Finally, Sanford C. Bernstein set a €96.08 ($114.38) target price on HeidelbergCement and gave the stock a buy rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of €95.90 ($114.17).
HeidelbergCement (ETR HEI) traded down €0.77 ($0.92) during mid-day trading on Wednesday, hitting €89.22 ($106.21). The stock had a trading volume of 789,214 shares, compared to its average volume of 782,003. HeidelbergCement has a one year low of €76.94 ($91.60) and a one year high of €93.80 ($111.67).
HeidelbergCement Company Profile
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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