Shares of Heidelberg Materials AG (OTCMKTS:HLBZF – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $224.45 and traded as low as $193.14. Heidelberg Materials shares last traded at $204.7640, with a volume of 731 shares.
Analysts Set New Price Targets
Separately, Morgan Stanley reissued an “overweight” rating on shares of Heidelberg Materials in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Heidelberg Materials currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on Heidelberg Materials
Heidelberg Materials Trading Up 6.3%
About Heidelberg Materials
Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.
In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.
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