HeidelbergCement AG (HEI) Receives Consensus Rating of “Buy” from Analysts

Shares of HeidelbergCement AG (ETR:HEI) have received a consensus recommendation of “Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is €88.95 ($103.43).

A number of analysts recently commented on the stock. JPMorgan Chase & Co. set a €81.00 ($94.19) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Friday, September 7th. Sanford C. Bernstein set a €99.00 ($115.12) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Wednesday, September 5th. Bank of America restated a “buy” rating on shares of HeidelbergCement in a research report on Friday, August 31st. HSBC set a €76.00 ($88.37) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Friday, August 17th. Finally, Nord/LB set a €75.00 ($87.21) target price on HeidelbergCement and gave the stock a “neutral” rating in a report on Tuesday, August 14th.

Shares of HEI traded up €0.28 ($0.33) during trading hours on Friday, reaching €65.74 ($76.44). The stock had a trading volume of 773,488 shares, compared to its average volume of 712,290. HeidelbergCement has a 52 week low of €76.94 ($89.47) and a 52 week high of €96.00 ($111.63).

HeidelbergCement Company Profile

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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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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