HeidelbergCement (ETR:HEI) Earns Buy Rating from DZ Bank
HeidelbergCement (ETR:HEI)‘s stock had its “buy” rating reaffirmed by stock analysts at DZ Bank in a research report issued on Friday, Borsen Zeitung reports.
Several other equities analysts have also issued reports on HEI. Nord/LB set a €64.00 ($74.42) target price on HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Independent Research set a €73.00 ($84.88) price objective on HeidelbergCement and gave the company a “neutral” rating in a research report on Friday. Bank of America set a €76.00 ($88.37) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, October 3rd. Credit Suisse Group set a €74.00 ($86.05) price objective on HeidelbergCement and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Kepler Capital Markets set a €73.00 ($84.88) price objective on HeidelbergCement and gave the company a “neutral” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of €77.06 ($89.61).
HeidelbergCement stock opened at €65.10 ($75.70) on Friday. The firm has a market capitalization of $12.81 billion and a P/E ratio of 13.18. HeidelbergCement has a 1 year low of €51.84 ($60.28) and a 1 year high of €73.52 ($85.49). The business has a 50-day moving average of €64.92 and a 200-day moving average of €66.76. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 72.79.
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.
Further Reading: Diluted Earnings Per Share
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