HSBC set a €70.00 ($81.40) price target on HeidelbergCement (ETR:HEI) in a report issued on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.
HEI has been the topic of several other reports. Barclays set a €77.00 ($89.53) target price on HeidelbergCement and gave the company a neutral rating in a report on Tuesday, July 30th. DZ Bank reiterated a buy rating on shares of HeidelbergCement in a report on Tuesday, July 30th. Kepler Capital Markets set a €80.00 ($93.02) target price on HeidelbergCement and gave the company a buy rating in a report on Thursday, May 9th. Berenberg Bank set a €95.00 ($110.47) target price on HeidelbergCement and gave the company a buy rating in a report on Wednesday, August 7th. Finally, Independent Research set a €77.00 ($89.53) target price on HeidelbergCement and gave the company a neutral rating in a report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of €75.61 ($87.92).
The business’s fifty day moving average price is €63.16 and its 200-day moving average price is €66.82. HeidelbergCement has a twelve month low of €51.84 ($60.28) and a twelve month high of €73.52 ($85.49). The company has a market capitalization of $12.46 billion and a PE ratio of 12.72. The company has a debt-to-equity ratio of 72.79, a quick ratio of 0.64 and a current ratio of 0.94.
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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