HEIDELBERGCEMEN/ADR (OTCMKTS:HDELY) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.
A number of other research analysts have also recently commented on HDELY. Societe Generale upgraded shares of HEIDELBERGCEMEN/ADR from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Zacks Investment Research upgraded shares of HEIDELBERGCEMEN/ADR from a “strong sell” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, June 9th. Morgan Stanley upgraded shares of HEIDELBERGCEMEN/ADR from an “underweight” rating to an “overweight” rating in a report on Friday, July 3rd. ValuEngine upgraded shares of HEIDELBERGCEMEN/ADR from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Credit Suisse Group restated a “neutral” rating on shares of HEIDELBERGCEMEN/ADR in a report on Thursday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.00.
Shares of OTCMKTS HDELY opened at $11.06 on Friday. HEIDELBERGCEMEN/ADR has a one year low of $6.24 and a one year high of $15.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.13 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $10.85. The stock has a market capitalization of $10.97 billion, a P/E ratio of 8.71 and a beta of 1.29.
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.
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