Heidelberg Materials (OTCMKTS:HDLMY – Get Free Report) rose 14.1% during trading on Thursday. The stock traded as high as $40.1860 and last traded at $39.8285. 19,002 shares traded hands during trading, a decline of 89% from the average session volume of 165,786 shares. The stock had previously closed at $34.92.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on HDLMY shares. Royal Bank Of Canada raised Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 9th. Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.
Check Out Our Latest Stock Report on HDLMY
Heidelberg Materials Trading Down 1.3%
The firm’s fifty day moving average price is $34.23 and its two-hundred day moving average price is $40.46.
Heidelberg Materials Company Profile
Heidelberg Materials is a Germany-based producer of building materials and construction products. Its principal businesses include cement, aggregates such as sand and gravel, and ready-mixed concrete. The company also supplies asphalt and other materials used in construction and infrastructure projects.
Founded in Heidelberg in 1874 as HeidelbergCement, the company adopted the Heidelberg Materials name in 2023. It serves customers across Europe, North America, Asia-Pacific, and other international markets through a network of production sites and distribution operations.
Heidelberg Materials develops products and processes intended to reduce the carbon footprint of construction, including lower-carbon cement and concrete.
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