Heidelberg Materials (OTCMKTS:HDLMY) Hits New 12-Month High – What’s Next?

Heidelberg Materials (OTCMKTS:HDLMY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $55.02 and last traded at $54.10, with a volume of 2486 shares. The stock had previously closed at $52.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HDLMY. Zacks Research downgraded Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, December 26th. Royal Bank Of Canada lowered shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Barclays upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Heidelberg Materials Trading Up 0.9%

Heidelberg Materials Company Profile

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.