HeidelbergCement (ETR:HEI) has been given a €84.00 ($100.00) price objective by J P Morgan Chase & Co in a research note issued on Wednesday. The brokerage currently has a “sell” rating on the basic materials company’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 6.66% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the company. Deutsche Bank set a €98.00 ($116.67) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Monday, September 11th. Sanford C. Bernstein set a €101.12 ($120.38) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Friday, September 8th. Barclays set a €94.00 ($111.90) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, September 7th. DZ Bank reissued a “buy” rating on shares of HeidelbergCement in a research note on Wednesday, September 6th. Finally, Citigroup set a €95.00 ($113.10) target price on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €95.90 ($114.17).
HeidelbergCement (HEI) traded down €0.31 ($0.37) during trading hours on Wednesday, hitting €89.99 ($107.13). The company had a trading volume of 341,511 shares, compared to its average volume of 791,601. HeidelbergCement has a 12-month low of €76.94 ($91.60) and a 12-month high of €93.80 ($111.67).
HeidelbergCement Company Profile
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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