Berenberg Bank set a €95.00 ($110.47) target price on HeidelbergCement (ETR:HEI) in a report issued on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
HEI has been the subject of several other research reports. Nord/LB set a €64.00 ($74.42) price target on HeidelbergCement and gave the company a neutral rating in a report on Thursday, May 23rd. Independent Research set a €32.00 ($37.21) price target on Bilfinger and gave the company a neutral rating in a report on Thursday, May 9th. Morgan Stanley reaffirmed a buy rating on shares of GW Pharmaceuticals PLC- in a report on Tuesday, April 9th. Barclays reaffirmed an underweight rating and issued a GBX 600 ($7.84) price target on shares of in a report on Monday, July 8th. Finally, DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a report on Wednesday, May 15th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. HeidelbergCement presently has an average rating of Buy and an average target price of €75.59 ($87.89).
ETR:HEI opened at €68.26 ($79.37) on Tuesday. HeidelbergCement has a one year low of €51.84 ($60.28) and a one year high of €74.14 ($86.21). The company has a debt-to-equity ratio of 65.28, a quick ratio of 0.84 and a current ratio of 1.20. The firm has a market capitalization of $13.54 billion and a PE ratio of 11.85. The firm has a 50 day moving average of €68.83.
HeidelbergCement Company Profile
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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