HeidelbergCement (ETR:HEI) has been given a €73.00 ($84.88) price objective by equities research analysts at JPMorgan Chase & Co. in a report released on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.81% from the stock’s previous close.
Several other equities analysts have also recently weighed in on HEI. UBS Group set a €81.00 ($94.19) price objective on HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, October 16th. Morgan Stanley set a €85.00 ($98.84) target price on HeidelbergCement and gave the stock a “neutral” rating in a research note on Wednesday, October 17th. Sanford C. Bernstein set a €99.00 ($115.12) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, October 18th. Goldman Sachs Group set a €93.00 ($108.14) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, October 18th. Finally, DZ Bank reiterated a “buy” rating on shares of HeidelbergCement in a research note on Thursday, October 18th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of €75.82 ($88.17).
ETR:HEI traded up €0.08 ($0.09) during trading hours on Tuesday, hitting €58.96 ($68.56). 674,102 shares of the company traded hands, compared to its average volume of 712,290. HeidelbergCement has a one year low of €76.94 ($89.47) and a one year high of €96.00 ($111.63).
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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