HeidelbergCement AG (ETR:HEI) has been given a €102.00 ($118.60) price objective by equities research analysts at Citigroup Inc. in a report released on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup Inc.’s target price would indicate a potential upside of 9.94% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Sanford C. Bernstein set a €102.00 ($118.60) price target on shares of HeidelbergCement AG and gave the company a “buy” rating in a research note on Thursday. Barclays PLC set a €100.00 ($116.28) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a research note on Friday, November 10th. Independent Research GmbH set a €95.00 ($110.47) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research note on Thursday, November 9th. S&P Global set a €80.00 ($93.02) price objective on shares of 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 objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €94.03 ($109.33).
Shares of HeidelbergCement AG (HEI) opened at €92.78 ($107.88) on Thursday. HeidelbergCement AG has a 52 week low of €76.94 ($89.47) and a 52 week high of €92.98 ($108.12).
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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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