UBS Group set a €75.00 ($87.21) price objective on HeidelbergCement (ETR:HEI) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. set a €76.00 ($88.37) price objective on shares of HeidelbergCement and gave the stock a buy rating in a report on Thursday, April 18th. Deutsche Bank reaffirmed a neutral rating on shares of HeidelbergCement in a report on Tuesday, March 26th. Morgan Stanley set a €74.00 ($86.05) price target on shares of HeidelbergCement and gave the company a neutral rating in a report on Tuesday, April 9th. Berenberg Bank set a €92.00 ($106.98) price target on shares of HeidelbergCement and gave the company a buy rating in a report on Wednesday, April 3rd. Finally, Barclays set a €77.00 ($89.53) price target on shares of HeidelbergCement and gave the company a buy rating in a report on Wednesday, February 20th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. HeidelbergCement presently has an average rating of Buy and an average price target of €76.33 ($88.76).
ETR HEI opened at €70.06 ($81.47) on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 65.28. The firm has a market cap of $13.90 billion and a P/E ratio of 12.16. HeidelbergCement has a 1 year low of €51.84 ($60.28) and a 1 year high of €81.70 ($95.00).
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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