Shares of Heidelberg Materials AG (OTCMKTS:HLBZF – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $203.49 and traded as high as $210.70. Heidelberg Materials shares last traded at $210.70, with a volume of 1,441 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada upgraded shares of Heidelberg Materials from a “sector perform” rating to an “outperform” rating in a report on Friday, October 9th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy”.
Read Our Latest Stock Analysis on HLBZF
Heidelberg Materials Trading Up 5.0%
The stock’s fifty day moving average price is $172.13 and its 200 day moving average price is $203.18.
About Heidelberg Materials
Heidelberg Materials is a Germany-based building materials company that produces and distributes cement, aggregates, ready-mixed concrete and other construction materials. Its products are used in residential, commercial and infrastructure projects, including roads, bridges and other large-scale developments.
The company was founded in Heidelberg, Germany, in 1873 as HeidelbergCement. It adopted the name Heidelberg Materials in 2022 as part of a broader effort to emphasize its role in the construction materials industry and its focus on sustainability.
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