Sanford C. Bernstein set a €101.12 ($120.38) price objective on HeidelbergCement AG (ETR:HEI) in a report published on Friday. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other equities analysts have also weighed in on the company. J P Morgan Chase & Co set a €86.00 ($102.38) target price on HeidelbergCement AG and gave the stock a neutral rating in a research note on Thursday, September 7th. Barclays PLC set a €94.00 ($111.90) price objective on HeidelbergCement AG and gave the stock a buy rating in a research note on Thursday, September 7th. DZ Bank AG restated a buy rating on shares of HeidelbergCement AG in a research note on Wednesday, September 6th. Citigroup Inc. set a €95.00 ($113.10) price objective on HeidelbergCement AG and gave the stock a buy rating in a research note on Thursday, August 31st. Finally, Kepler Capital Markets set a €85.00 ($101.19) price objective on HeidelbergCement AG and gave the stock a buy rating in a research note on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of €93.32 ($111.09).
Shares of HeidelbergCement AG (ETR HEI) opened at 83.318 on Friday. The firm has a market cap of €16.57 billion and a price-to-earnings ratio of 22.100. The company has a 50-day moving average price of €81.58 and a 200 day moving average price of €85.22. HeidelbergCement AG has a 52 week low of €76.95 and a 52 week high of €94.42.
About HeidelbergCement AG
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.
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