Heidelberg Materials (OTCMKTS:HDLMY) Stock Jumps 14.1% – Here’s What Happened

Heidelberg Materials (OTCMKTS:HDLMY) shares rose 14.1% during mid-day trading on Thursday. The company traded as high as $40.1860 and last traded at $39.8285. 19,002 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 165,786 shares. The stock had previously closed at $34.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HDLMY shares. Royal Bank Of Canada upgraded Heidelberg Materials from a “hold” rating to a “moderate buy” rating in a research report on Friday, October 9th. Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Heidelberg Materials currently has a consensus rating of “Buy”.

Heidelberg Materials Stock Up 1.1%

The stock’s fifty day moving average price is $34.26 and its 200-day moving average price is $40.61.

About Heidelberg Materials

Heidelberg Materials AG is a Germany-based building materials and solutions company serving the construction industry worldwide. Its principal activities include the production and distribution of cement, aggregates, ready-mixed concrete and asphalt, along with related building products and services.

The company supplies materials used in residential, commercial and infrastructure projects, including roads, bridges and other large-scale construction. Heidelberg Materials also develops lower-carbon construction products and technologies as part of its efforts to reduce emissions across the cement and concrete value chain.

Founded in 1873 as HeidelbergCement, the company adopted the Heidelberg Materials name in 2023.