Citigroup Reiterates “€80.00” Price Target for HeidelbergCement (HEI)
A number of other research firms have also commented on HEI. Kepler Capital Markets set a €84.00 ($97.67) price objective on HeidelbergCement and gave the stock a buy rating in a research note on Thursday, November 8th. Morgan Stanley set a €85.00 ($98.84) target price on HeidelbergCement and gave the company a neutral rating in a report on Wednesday, October 17th. Cfra set a €78.00 ($90.70) target price on HeidelbergCement and gave the company a neutral rating in a report on Thursday, August 2nd. UBS Group set a €81.00 ($94.19) target price on HeidelbergCement and gave the company a buy rating in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. set a €87.00 ($101.16) target price on HeidelbergCement and gave the company a neutral rating in a report on Thursday, July 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of €79.44 ($92.38).
HeidelbergCement stock opened at €60.68 ($70.56) on Monday. HeidelbergCement has a one year low of €76.94 ($89.47) and a one year 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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