Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – What’s Next?

Shares of Heidelberg Materials (OTCMKTS:HDLMY) gapped down prior to trading on Wednesday . The stock had previously closed at $54.68, but opened at $50.81. Heidelberg Materials shares last traded at $50.64, with a volume of 8,330 shares trading hands.

Analysts Set New Price Targets

HDLMY has been the topic of several research analyst reports. Royal Bank Of Canada downgraded shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Barclays upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Citigroup restated a “neutral” rating on shares of Heidelberg Materials in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Heidelberg Materials Stock Down 8.0%

The firm has a fifty day moving average of $52.99.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.