Heidelberg Materials (OTCMKTS:HLBZF) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Heidelberg Materials AG (OTCMKTS:HLBZFGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $245.06 and traded as low as $193.09. Heidelberg Materials shares last traded at $196.5450, with a volume of 1,488 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HLBZF. Barclays raised Heidelberg Materials to an “overweight” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heidelberg Materials in a research report on Monday, December 8th. Morgan Stanley lowered shares of Heidelberg Materials to an “underweight” rating in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada cut shares of Heidelberg Materials from an “outperform” rating to a “sector perform” rating in a research report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Heidelberg Materials presently has a consensus rating of “Hold”.

View Our Latest Stock Report on HLBZF

Heidelberg Materials Stock Down 6.1%

The stock has a 50 day moving average price of $248.83 and a two-hundred day moving average price of $244.34.

About Heidelberg Materials

(Get Free Report)

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.

Further Reading

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