HeidelbergCement (ETR:HEI) Given a €56.00 Price Target by The Goldman Sachs Group Analysts

The Goldman Sachs Group set a €56.00 ($59.57) price objective on HeidelbergCement (ETR:HEIGet Rating) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.

Several other brokerages have also recently issued reports on HEI. Credit Suisse Group set a €59.00 ($62.77) target price on HeidelbergCement in a research report on Wednesday, April 20th. JPMorgan Chase & Co. set a €59.00 ($62.77) target price on HeidelbergCement in a research report on Wednesday. Barclays set a €50.00 ($53.19) target price on HeidelbergCement in a research report on Wednesday, May 18th. Morgan Stanley set a €68.00 ($72.34) target price on HeidelbergCement in a research report on Tuesday, March 15th. Finally, Jefferies Financial Group set a €55.00 ($58.51) price objective on HeidelbergCement in a research report on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of €68.18 ($72.53).

Shares of ETR:HEI opened at €54.20 ($57.66) on Wednesday. The stock has a market capitalization of $10.47 billion and a price-to-earnings ratio of 6.05. The company has a debt-to-equity ratio of 49.38, a quick ratio of 0.75 and a current ratio of 1.16. The stock’s 50-day simple moving average is €53.09 and its two-hundred day simple moving average is €58.55. HeidelbergCement has a 52-week low of €47.01 ($50.01) and a 52-week high of €76.98 ($81.89).

About HeidelbergCement (Get Rating)

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components.

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