Morgan Stanley set a €74.00 ($86.05) price target on HeidelbergCement (ETR:HEI) in a research note published on Tuesday, April 9th, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
Other equities research analysts have also recently issued research reports about the company. Sanford C. Bernstein set a €90.00 ($104.65) price objective on HeidelbergCement and gave the stock a buy rating in a report on Friday, February 15th. HSBC set a €74.00 ($86.05) target price on HeidelbergCement and gave the stock a buy rating in a research report on Monday, February 4th. Barclays set a €77.00 ($89.53) target price on HeidelbergCement and gave the stock a buy rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. set a €73.00 ($84.88) target price on HeidelbergCement and gave the stock a buy rating in a research report on Monday, January 14th. Finally, Independent Research set a €73.00 ($84.88) target price on HeidelbergCement and gave the stock a neutral rating in a research report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of €76.11 ($88.50).
HEI stock traded down €0.14 ($0.16) during trading on Tuesday, hitting €72.54 ($84.35). 480,491 shares of the company traded hands, compared to its average volume of 712,290. The stock has a market capitalization of $14.39 billion and a PE ratio of 12.59. HeidelbergCement has a 1 year low of €51.84 ($60.28) and a 1 year high of €85.26 ($99.14). The company has a debt-to-equity ratio of 65.28, a current ratio of 1.20 and a quick ratio of 0.84.
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.
Recommended Story: Real Estate Investment Trust (REIT) ETF
Receive News & Ratings for HeidelbergCement Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HeidelbergCement and related companies with MarketBeat.com's FREE daily email newsletter.