Heidelberg Materials (OTCMKTS:HDLMY) Reaches New 52-Week High – Here’s What Happened

Shares of Heidelberg Materials (OTCMKTS:HDLMY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $57.79 and last traded at $57.79, with a volume of 53236 shares changing hands. The stock had previously closed at $56.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HDLMY shares. Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada downgraded Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Citigroup restated a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Heidelberg Materials currently has an average rating of “Moderate Buy”.

Heidelberg Materials Trading Down 0.9%

The stock has a 50 day moving average of $52.63.

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.