HeidelbergCement AG (ETR:HEI) has been assigned a €102.00 ($120.00) target price by HSBC Holdings plc in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock.
HEI has been the topic of several other reports. J P Morgan Chase & Co set a €91.00 ($107.06) price target on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Monday, July 17th. Deutsche Bank AG set a €99.00 ($116.47) price target on shares of HeidelbergCement AG and gave the stock a “buy” rating in a research note on Wednesday, July 19th. UBS AG set a €86.50 ($101.76) price target on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Friday, August 11th. DZ Bank AG reiterated a “buy” rating on shares of HeidelbergCement AG in a research note on Tuesday, August 1st. Finally, Nord/LB set a €85.00 ($100.00) price target on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €93.01 ($109.43).
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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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