Independent Research set a €70.00 ($81.40) target price on HeidelbergCement (ETR:HEI) in a research note released on Thursday. The firm currently has a neutral rating on the basic materials company’s stock.
HEI has been the subject of a number of other research reports. UBS Group set a €86.00 ($100.00) price target on HeidelbergCement and gave the stock a buy rating in a report on Tuesday, July 31st. Barclays set a €88.00 ($102.33) target price on HeidelbergCement and gave the company a buy rating in a research note on Wednesday, August 1st. Nord/LB set a €75.00 ($87.21) target price on HeidelbergCement and gave the company a neutral rating in a research note on Tuesday, August 14th. Kepler Capital Markets set a €88.00 ($102.33) target price on HeidelbergCement and gave the company a buy rating in a research note on Tuesday, July 31st. Finally, JPMorgan Chase & Co. set a €87.00 ($101.16) target price on HeidelbergCement and gave the company a neutral rating in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. HeidelbergCement currently has a consensus rating of Buy and an average target price of €85.26 ($99.14).
ETR HEI traded down €0.64 ($0.74) on Thursday, reaching €56.62 ($65.84). The company had a trading volume of 1,470,304 shares, compared to its average volume of 712,290. HeidelbergCement has a 1 year low of €76.94 ($89.47) and a 1 year 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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