HeidelbergCement AG (ETR:HEI) PT Set at €107.00 by HSBC Holdings plc

HeidelbergCement AG (ETR:HEI) has been given a €107.00 ($125.88) target price by equities research analysts at HSBC Holdings plc in a research report issued to clients and investors on Thursday, August 3rd. The firm presently has a “buy” rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the stock. UBS AG set a €88.00 ($103.53) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Barclays PLC set a €80.00 ($94.12) price objective on shares of HeidelbergCement AG and gave the stock a “sell” rating in a research note on Tuesday, April 18th. Citigroup Inc. set a €95.00 ($111.76) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Thursday, May 11th. J P Morgan Chase & Co set a €86.00 ($101.18) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Finally, Deutsche Bank AG set a €89.00 ($104.71) price objective on shares of HeidelbergCement AG and gave the stock a “neutral” rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €93.12 ($109.55).

HeidelbergCement AG (ETR HEI) opened at 80.534 on Thursday. HeidelbergCement AG has a 1-year low of €77.50 and a 1-year high of €94.42. The firm has a market cap of €16.01 billion and a P/E ratio of 21.362. The stock has a 50 day moving average price of €84.61 and a 200-day moving average price of €86.26.

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HeidelbergCement AG Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.