HeidelbergCement AG (ETR:HEI) has been given a €102.00 ($118.60) target price by equities research analysts at Sanford C. Bernstein in a research report issued on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 12.63% from the stock’s current price.
Several other brokerages have also issued reports on HEI. Deutsche Bank AG set a €98.00 ($113.95) price target on HeidelbergCement AG and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Citigroup Inc. set a €95.00 ($110.47) price target on HeidelbergCement AG and gave the company a “neutral” rating in a research note on Friday, August 11th. DZ Bank AG reaffirmed a “buy” rating on shares of HeidelbergCement AG in a research note on Wednesday, September 6th. J P Morgan Chase & Co set a €83.00 ($96.51) price target on HeidelbergCement AG and gave the company a “sell” rating in a research note on Wednesday, November 8th. Finally, Kepler Capital Markets set a €85.00 ($98.84) price target on HeidelbergCement AG and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. HeidelbergCement AG presently has a consensus rating of “Hold” and an average target price of €93.66 ($108.90).
HeidelbergCement AG (HEI) opened at €90.56 ($105.30) on Thursday. HeidelbergCement AG has a one year low of €76.94 ($89.47) and a one year high of €92.98 ($108.12).
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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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