Morgan Stanley set a €85.00 ($98.84) price target on HeidelbergCement (ETR:HEI) in a research report released on Wednesday, October 17th. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other analysts have also recently weighed in on the stock. UBS Group set a €81.00 ($94.19) price target on shares of HeidelbergCement and gave the stock a buy rating in a research report on Tuesday, October 16th. Kepler Capital Markets set a €88.00 ($102.33) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Thursday, October 11th. Deutsche Bank set a €95.00 ($110.47) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Monday, October 8th. JPMorgan Chase & Co. set a €81.00 ($94.19) price objective on shares of HeidelbergCement and gave the stock a neutral rating in a report on Wednesday, October 3rd. Finally, Sanford C. Bernstein set a €99.00 ($115.12) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Wednesday, September 5th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of €80.00 ($93.02).
Shares of ETR HEI traded down €0.60 ($0.70) during trading on Wednesday, hitting €60.10 ($69.88). 1,233,874 shares of the company traded hands, compared to its average volume of 712,290. HeidelbergCement has a 1 year low of €76.94 ($89.47) and a 1 year high of €96.00 ($111.63).
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.
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