Independent Research set a €97.00 ($115.48) price target on HeidelbergCement (ETR:HEI) in a research report report published on Wednesday. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other research analysts have also weighed in on HEI. DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a research note on Wednesday, September 6th. Barclays set a €94.00 ($111.90) target price on shares of HeidelbergCement and gave the stock a buy rating in a research note on Thursday, September 7th. JPMorgan Chase & Co. set a €86.00 ($102.38) target price on shares of HeidelbergCement and gave the stock a neutral rating in a research note on Thursday, September 7th. Sanford C. Bernstein set a €101.12 ($120.38) target price on shares of HeidelbergCement and gave the stock a buy rating in a research note on Friday, September 8th. Finally, Deutsche Bank set a €98.00 ($116.67) target price on shares of HeidelbergCement and gave the stock a buy rating in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of €96.16 ($114.48).
HeidelbergCement (ETR HEI) opened at €92.50 ($110.12) on Wednesday. The firm has a market cap of $18,350.00 and a PE ratio of 20.07. HeidelbergCement has a 12 month low of €76.94 ($91.60) and a 12 month high of €93.80 ($111.67).
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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