HeidelbergCement (ETR:HEI) has been given a €100.00 ($123.46) price objective by investment analysts at Barclays in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Barclays’ target price would indicate a potential upside of 27.00% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a €84.00 ($103.70) target price on HeidelbergCement and gave the stock a “sell” rating in a report on Thursday, January 18th. Deutsche Bank set a €104.60 ($129.14) target price on HeidelbergCement and gave the stock a “buy” rating in a report on Wednesday, January 10th. Sanford C. Bernstein set a €105.00 ($129.63) target price on HeidelbergCement and gave the stock a “buy” rating in a report on Monday, January 8th. Independent Research set a €97.00 ($119.75) target price on HeidelbergCement and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Finally, Nord/LB set a €85.00 ($104.94) target price on HeidelbergCement and gave the stock a “neutral” rating in a report on Thursday, November 23rd. 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. The stock has a consensus rating of “Buy” and a consensus price target of €95.12 ($117.43).
Shares of HeidelbergCement (ETR:HEI) opened at €78.74 ($97.21) on Friday. The company has a market cap 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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