Hochtief Ag (FRA:HOT) Given Consensus Recommendation of “Buy” by Brokerages

Hochtief Ag (FRA:HOT) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is €134.43 ($156.31).

A number of equities analysts have commented on the stock. Independent Research set a €133.00 ($154.65) target price on shares of Hochtief and gave the stock a “buy” rating in a research note on Friday, November 1st. Oddo Bhf set a €127.00 ($147.67) target price on shares of Hochtief and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Kepler Capital Markets set a €137.00 ($159.30) target price on shares of Hochtief and gave the stock a “buy” rating in a research note on Monday, November 4th. HSBC set a €157.00 ($182.56) target price on shares of Hochtief and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Nord/LB set a €100.00 ($116.28) target price on shares of Hochtief and gave the stock a “neutral” rating in a research note on Friday, November 22nd.

HOT stock traded up €2.00 ($2.33) during trading on Tuesday, reaching €112.40 ($130.70). 48,123 shares of the stock were exchanged. The business has a 50 day moving average price of €110.44 and a 200-day moving average price of €106.19. Hochtief has a 1 year low of €128.00 ($148.84) and a 1 year high of €175.00 ($203.49).

Hochtief Company Profile

HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. The company operates through HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe divisions. The HOCHTIEF Americas division provides building and infrastructure construction services primarily in the United States and Canada, including public buildings, office properties, sports facilities, educational and healthcare properties, transportation infrastructure, hydroelectric power stations, and dams.

Further Reading: What is a Buy-Side Analyst?

Analyst Recommendations for Hochtief (FRA:HOT)

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