Jefferies Group set a €96.00 ($118.52) price target on HeidelbergCement (ETR:HEI) in a research note released on Friday. The brokerage currently has a buy rating on the basic materials company’s stock.
Other equities analysts also recently issued research reports about the company. Commerzbank set a €109.00 ($134.57) price target on HeidelbergCement and gave the stock a buy rating in a research report on Tuesday, November 21st. Deutsche Bank set a €104.60 ($129.14) price target on HeidelbergCement and gave the stock a buy rating in a research report on Monday, November 20th. Citigroup set a €102.00 ($125.93) price target on HeidelbergCement and gave the stock a buy rating in a research report on Thursday, November 16th. Sanford C. Bernstein set a €102.00 ($125.93) price target on HeidelbergCement and gave the stock a buy rating in a research report on Thursday, November 16th. Finally, Berenberg Bank set a €102.00 ($125.93) price target on HeidelbergCement and gave the stock a buy rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. HeidelbergCement currently has an average rating of Buy and an average price target of €96.13 ($118.67).
HeidelbergCement (ETR:HEI) traded down €0.26 ($0.32) during trading on Friday, reaching €82.28 ($101.58). The company’s stock had a trading volume of 849,878 shares, compared to its average volume of 712,290. The stock has a market capitalization of $16,250.00 and a P/E ratio of 17.85. HeidelbergCement has a one year low of €76.94 ($94.99) and a one year high of €96.00 ($118.52).
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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