Heidelberg Materials (OTCMKTS:HDLMY) Upgraded to “Moderate Buy” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Heidelberg Materials (OTCMKTS:HDLMY) from a hold rating to a moderate buy rating in a report issued on Friday morning,Zacks reports.

Separately, Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Heidelberg Materials Trading Up 1.5%

Heidelberg Materials stock opened at $32.08 on Friday. Heidelberg Materials has a 52 week low of $30.85 and a 52 week high of $57.79. The firm’s 50-day simple moving average is $35.73 and its 200 day simple moving average is $39.44.

About Heidelberg Materials

Heidelberg Materials is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.