HeidelbergCement AG (ETR:HEI) Given Average Rating of “Buy” by Brokerages

Shares of HeidelbergCement AG (ETR:HEI) have been assigned a consensus rating of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is €76.87 ($89.38).

Several brokerages have recently commented on HEI. Kepler Capital Markets set a €73.00 ($84.88) price target on HeidelbergCement and gave the company a “neutral” rating in a research note on Thursday, November 7th. Bank of America set a €76.00 ($88.37) price target on HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, October 3rd. Berenberg Bank set a €95.00 ($110.47) price target on HeidelbergCement and gave the company a “buy” rating in a research note on Wednesday, August 7th. Oddo Bhf set a €85.00 ($98.84) price target on HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Credit Suisse Group set a €74.00 ($86.05) price target on HeidelbergCement and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Shares of HeidelbergCement stock traded up €0.44 ($0.51) during trading on Thursday, hitting €65.26 ($75.88). 703,261 shares of the stock traded hands, compared to its average volume of 712,290. The firm has a market cap of $12.90 billion and a P/E ratio of 13.21. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 72.79. HeidelbergCement has a 52-week low of €51.84 ($60.28) and a 52-week high of €73.52 ($85.49). The stock’s fifty day simple moving average is €64.84 and its 200 day simple moving average is €66.61.

HeidelbergCement Company Profile

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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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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