HeidelbergCement (ETR:HEI) received a €84.00 ($103.70) price objective from equities research analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, February 20th. The brokerage currently has a “sell” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 2.36% from the company’s previous close.
Several other brokerages also recently weighed in on HEI. Deutsche Bank set a €104.60 ($129.14) price target on HeidelbergCement and gave the company a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley set a €94.00 ($116.05) price target on HeidelbergCement and gave the company a “neutral” rating in a report on Friday, January 12th. Sanford C. Bernstein set a €105.00 ($129.63) price target on HeidelbergCement and gave the company a “buy” rating in a report on Monday, January 8th. Commerzbank set a €109.00 ($134.57) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, Citigroup set a €102.00 ($125.93) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of €96.43 ($119.04).
Shares of HeidelbergCement (ETR HEI) traded down €0.48 ($0.59) on Tuesday, reaching €82.06 ($101.31). The company’s stock had a trading volume of 519,133 shares, compared to its average volume of 714,063. The firm has a market cap of $16,280.00 and a P/E ratio of 17.80. HeidelbergCement has a 52 week low of €76.94 ($94.99) and a 52 week high of €96.00 ($118.52).
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.
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