HeidelbergCement (ETR:HEI) has been given a €100.00 ($119.05) price objective by equities research analysts at Barclays in a note issued to investors on Friday, November 10th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Barclays’ price objective would indicate a potential upside of 12.12% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein set a €101.00 ($120.24) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a report on Monday, July 31st. Deutsche Bank set a €98.00 ($116.67) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Citigroup set a €95.00 ($113.10) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a report on Friday, August 11th. DZ Bank restated a “buy” rating on shares of HeidelbergCement in a report on Wednesday, September 6th. Finally, Commerzbank set a €83.00 ($98.81) target price on shares of HeidelbergCement and gave the stock a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of €95.85 ($114.10).
HeidelbergCement (ETR:HEI) traded down €0.42 ($0.50) during trading hours on Friday, hitting €89.19 ($106.18). 579,485 shares of the stock traded hands, compared to its average volume of 801,529. HeidelbergCement has a twelve month low of €76.94 ($91.60) and a twelve month high of €93.80 ($111.67).
HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.
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