Independent Research set a €67.00 ($77.91) target price on HeidelbergCement (ETR:HEI) in a research report released on Friday. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other analysts have also weighed in on HEI. Commerzbank set a €97.00 ($112.79) target price on HeidelbergCement and gave the company a buy rating in a report on Monday, July 23rd. UBS Group set a €86.00 ($100.00) target price on HeidelbergCement and gave the company a buy rating in a report on Thursday, July 12th. Sanford C. Bernstein set a €106.00 ($123.26) target price on HeidelbergCement and gave the company a buy rating in a report on Tuesday, July 31st. Societe Generale set a €78.00 ($90.70) target price on HeidelbergCement and gave the company a neutral rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. set a €74.00 ($86.05) target price on HeidelbergCement and gave the company a neutral rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. HeidelbergCement currently has a consensus rating of Buy and a consensus target price of €80.00 ($93.02).
HEI stock traded down €0.60 ($0.70) on Friday, reaching €60.10 ($69.88). 1,233,874 shares of the company’s stock were exchanged, compared to its average volume of 712,290. HeidelbergCement has a twelve month low of €76.94 ($89.47) and a twelve month high of €96.00 ($111.63).
HeidelbergCement Company Profile
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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