HeidelbergCement (ETR:HEI) PT Set at €63.00 by Goldman Sachs Group

HeidelbergCement (ETR:HEI) has been assigned a €63.00 ($73.26) price target by research analysts at Goldman Sachs Group in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Goldman Sachs Group’s price objective points to a potential upside of 8.88% from the stock’s current price.

Several other equities analysts have also recently issued reports on HEI. Kepler Capital Markets set a €73.00 ($84.88) price objective on HeidelbergCement and gave the company a “neutral” rating in a report on Tuesday, February 18th. Independent Research set a €70.00 ($81.40) price objective on HeidelbergCement and gave the company a “neutral” rating in a report on Wednesday, February 19th. UBS Group set a €74.00 ($86.05) price objective on HeidelbergCement and gave the company a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley set a €67.00 ($77.91) price objective on HeidelbergCement and gave the company a “sell” rating in a report on Wednesday, January 8th. Finally, Barclays set a €62.00 ($72.09) price objective on HeidelbergCement and gave the company a “sell” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of €74.07 ($86.12).

Shares of HEI stock traded down €1.48 ($1.72) on Tuesday, hitting €57.86 ($67.28). The company had a trading volume of 1,108,165 shares, compared to its average volume of 712,290. The firm has a market cap of $11.77 billion and a P/E ratio of 11.71. The company has a 50-day moving average price of €63.48 and a 200-day moving average price of €64.42. The company has a quick ratio of 0.81, a current ratio of 1.14 and a debt-to-equity ratio of 69.28. HeidelbergCement has a twelve month low of €57.72 ($67.12) and a twelve month high of €73.52 ($85.49).

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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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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