Brokerages Set Hochtief Ag (FRA:HOT) Price Target at €139.22

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Hochtief Ag (FRA:HOT) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is €139.22 ($161.89).

A number of equities research analysts have weighed in on HOT shares. Macquarie set a €158.00 ($183.72) target price on shares of Hochtief and gave the company a “buy” rating in a research note on Monday, May 13th. Independent Research set a €129.00 ($150.00) target price on shares of Hochtief and gave the company a “buy” rating in a research note on Thursday, July 25th. Nord/LB set a €100.00 ($116.28) target price on shares of Hochtief and gave the company a “neutral” rating in a research note on Wednesday. HSBC set a €157.00 ($182.56) target price on shares of Hochtief and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Kepler Capital Markets set a €142.00 ($165.12) target price on shares of Hochtief and gave the company a “buy” rating in a research note on Monday, May 13th.

Shares of HOT opened at €97.35 ($113.20) on Friday. The firm has a fifty day simple moving average of €101.22 and a two-hundred day simple moving average of €118.71. Hochtief has a 1-year low of €128.00 ($148.84) and a 1-year high of €175.00 ($203.49).

About Hochtief

HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. The company operates through HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe divisions. The HOCHTIEF Americas division provides building and infrastructure construction services primarily in the United States and Canada, including public buildings, office properties, sports facilities, educational and healthcare properties, transportation infrastructure, hydroelectric power stations, and dams.

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Analyst Recommendations for Hochtief (FRA:HOT)

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