HeidelbergCement (ETR:HEI) has been given a €72.00 ($83.72) target price by analysts at Barclays in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Barclays‘s target price would indicate a potential upside of 10.94% from the stock’s previous close.
Several other equities analysts have also issued reports on HEI. DZ Bank reiterated a “buy” rating on shares of HeidelbergCement in a research note on Tuesday, July 30th. HSBC set a €70.00 ($81.40) target price on HeidelbergCement and gave the company a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. set a €76.00 ($88.37) target price on HeidelbergCement and gave the company a “buy” rating in a research note on Thursday. Oddo Bhf set a €85.00 ($98.84) target price on HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Nord/LB set a €64.00 ($74.42) target price on HeidelbergCement and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of €74.79 ($86.96).
Shares of HeidelbergCement stock traded down €3.14 ($3.65) during trading on Thursday, hitting €64.90 ($75.47). 837,977 shares of the stock traded hands, compared to its average volume of 712,290. The firm has a market cap of $13.18 billion and a P/E ratio of 13.14. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 72.79. HeidelbergCement has a 52-week low of €51.84 ($60.28) and a 52-week high of €73.52 ($85.49). The stock’s fifty day simple moving average is €65.00 and its 200 day simple moving average is €66.81.
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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