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

Heidelberg Materials AG (OTCMKTS:HLBZFGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $245.72 and traded as low as $235.51. Heidelberg Materials shares last traded at $257.49, with a volume of 160 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on HLBZF shares. UBS Group upgraded Heidelberg Materials to a “buy” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Heidelberg Materials in a research note on Monday, December 8th. 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. Barclays raised shares of Heidelberg Materials to an “overweight” rating in a research note on Monday, November 17th. Finally, Morgan Stanley cut Heidelberg Materials to an “underweight” rating in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Report on Heidelberg Materials

Heidelberg Materials Price Performance

The company’s 50-day simple moving average is $266.42 and its 200-day simple moving average is $245.72.

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.

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