HeidelbergCement (ETR:HEI) Given a €72.00 Price Target at Independent Research

Independent Research set a €72.00 ($83.72) price target on HeidelbergCement (ETR:HEI) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other brokerages also recently issued reports on HEI. JPMorgan Chase & Co. set a €71.00 ($82.56) price objective on shares of HeidelbergCement and gave the stock a neutral rating in a research report on Thursday. DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a report on Thursday, January 30th. Morgan Stanley set a €67.00 ($77.91) target price on shares of HeidelbergCement and gave the company a sell rating in a report on Wednesday, January 8th. Nord/LB set a €65.00 ($75.58) target price on shares of HeidelbergCement and gave the company a neutral rating in a report on Thursday, November 21st. Finally, UBS Group set a €74.00 ($86.05) target price on shares of HeidelbergCement and gave the company a buy rating in a report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. HeidelbergCement currently has an average rating of Hold and a consensus target price of €75.47 ($87.75).

HeidelbergCement stock traded down €0.24 ($0.28) during midday trading on Thursday, hitting €63.56 ($73.91). 480,899 shares of the company’s stock were exchanged, compared to its average volume of 712,290. HeidelbergCement has a 12-month low of €58.20 ($67.67) and a 12-month high of €73.52 ($85.49). The company has a debt-to-equity ratio of 69.28, a quick ratio of 0.81 and a current ratio of 1.14. The stock has a market cap of $12.61 billion and a price-to-earnings ratio of 12.86. The firm’s 50 day simple moving average is €64.08 and its 200 day simple moving average is €64.75.

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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