HeidelbergCement (HEI) Given a €70.00 Price Target by Independent Research Analysts
HeidelbergCement (ETR:HEI) received a €70.00 ($81.40) price objective from research analysts at Independent Research in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s price target points to a potential upside of 23.63% from the company’s current price.
HEI has been the subject of a number of other research reports. Barclays set a €98.00 ($113.95) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Monday, July 16th. Morgan Stanley set a €85.00 ($98.84) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Wednesday. Bank of America reaffirmed a “buy” rating on shares of HeidelbergCement in a research report on Friday, August 31st. Kepler Capital Markets set a €88.00 ($102.33) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, October 11th. Finally, Goldman Sachs Group set a €97.00 ($112.79) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of €85.26 ($99.14).
Shares of HEI opened at €56.62 ($65.84) on Thursday. HeidelbergCement has a 52 week low of €76.94 ($89.47) and a 52 week high of €96.00 ($111.63).
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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