HeidelbergCement (ETR:HEI) has been assigned a €88.00 ($102.33) price objective by stock analysts at Kepler Capital Markets in a note issued to investors on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. Kepler Capital Markets’ price target would suggest a potential upside of 44.03% from the company’s previous close.
HEI has been the topic of a number of other reports. Barclays set a €98.00 ($113.95) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Monday, July 16th. Morgan Stanley set a €85.00 ($98.84) target price on shares of HeidelbergCement and gave the company a “neutral” rating in a report on Wednesday, June 13th. Bank of America reiterated a “buy” rating on shares of HeidelbergCement in a report on Friday, August 31st. Goldman Sachs Group set a €97.00 ($112.79) target price on shares of HeidelbergCement and gave the company a “buy” rating in a report on Thursday, July 12th. Finally, Citigroup set a €90.00 ($104.65) target price on shares of HeidelbergCement and gave the company a “buy” rating in a report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. HeidelbergCement has a consensus rating of “Buy” and a consensus price target of €88.26 ($102.63).
HeidelbergCement stock opened at €61.10 ($71.05) on Thursday. 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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