Nord/LB set a €62.00 ($72.09) target price on HeidelbergCement (ETR:HEI) in a research note published on Monday, April 1st, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
HEI has been the subject of several other research reports. UBS Group set a €75.00 ($87.21) price target on shares of HeidelbergCement and gave the company a buy rating in a research report on Wednesday, March 27th. Deutsche Bank reissued a neutral rating on shares of HeidelbergCement in a report on Tuesday, March 26th. Independent Research set a €73.00 ($84.88) target price on shares of HeidelbergCement and gave the company a neutral rating in a research note on Friday, March 22nd. Credit Suisse Group set a €74.00 ($86.05) target price on shares of HeidelbergCement and gave the company a neutral rating in a research note on Friday, March 22nd. Finally, Barclays set a €77.00 ($89.53) target price on shares of HeidelbergCement and gave the company a buy rating in a research note on Thursday, March 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of €76.11 ($88.50).
HEI traded down €0.18 ($0.21) during trading on Monday, hitting €71.64 ($83.30). 518,111 shares of the company’s stock were exchanged, compared to its average volume of 712,290. HeidelbergCement has a fifty-two week low of €51.84 ($60.28) and a fifty-two week high of €85.26 ($99.14). The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 65.28. The company has a market cap of $14.21 billion and a price-to-earnings ratio of 12.44.
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.
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