Heidelberg Materials (OTCMKTS:HLBZF) Shares Pass Below 200 Day Moving Average – Time to Sell?

Heidelberg Materials AG (OTCMKTS:HLBZF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $246.85 and traded as low as $214.21. Heidelberg Materials shares last traded at $230.29, with a volume of 514 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HLBZF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Heidelberg Materials in a research report on Monday, December 8th. Royal Bank Of Canada downgraded Heidelberg Materials from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 8th. Morgan Stanley lowered Heidelberg Materials to an “underweight” rating in a report on Wednesday, December 10th. Finally, Barclays raised Heidelberg Materials to an “overweight” rating in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Heidelberg Materials Trading Down 3.8%

The firm has a fifty day moving average of $265.72 and a 200-day moving average of $246.93.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.