Heidelberg Materials (OTCMKTS:HDLMY) Reaches New 1-Year High – Still a Buy?

Heidelberg Materials (OTCMKTS:HDLMY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $55.02 and last traded at $54.10, with a volume of 2486 shares traded. The stock had previously closed at $52.25.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lowered Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Zacks Research lowered Heidelberg Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, December 26th. Finally, Barclays upgraded Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Heidelberg Materials Stock Performance

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.