Commerzbank set a €107.00 ($132.10) price objective on HeidelbergCement (ETR:HEI) in a report published on Thursday morning. The firm currently has a buy rating on the basic materials company’s stock.
HEI has been the subject of a number of other reports. Citigroup set a €98.00 ($120.99) price target on HeidelbergCement and gave the company a buy rating in a research report on Friday, February 23rd. Kepler Capital Markets set a €87.00 ($107.41) price target on HeidelbergCement and gave the company a neutral rating in a research report on Thursday, January 25th. Berenberg Bank set a €102.00 ($125.93) price target on HeidelbergCement and gave the company a buy rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. set a €84.00 ($103.70) price target on HeidelbergCement and gave the company a neutral rating in a research report on Wednesday, February 28th. Finally, Barclays set a €100.00 ($123.46) price target on HeidelbergCement and gave the company a buy rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of €95.12 ($117.43).
Shares of HeidelbergCement stock opened at €78.74 ($97.21) on Thursday. The stock has a market capitalization of $16,250.00 and a P/E ratio of 17.08. HeidelbergCement has a 52-week low of €76.94 ($94.99) and a 52-week high of €96.00 ($118.52).
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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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