HeidelbergCement (ETR:HEI) has been given a €84.00 ($103.70) price target by analysts at JPMorgan Chase in a note issued to investors on Thursday, March 22nd. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase’s price objective would indicate a potential upside of 4.76% from the company’s current price.
HEI has been the topic of a number of other reports. Citigroup set a €98.00 ($120.99) price objective on HeidelbergCement and gave the company a “buy” rating in a research report on Friday, February 23rd. Kepler Capital Markets set a €87.00 ($107.41) price target on HeidelbergCement and gave the stock a “neutral” rating in a report on Thursday, January 25th. Commerzbank set a €107.00 ($132.10) price target on HeidelbergCement and gave the stock a “buy” rating in a report on Tuesday, February 20th. Berenberg Bank set a €102.00 ($125.93) price target on HeidelbergCement and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Barclays set a €100.00 ($123.46) price target on HeidelbergCement and gave the stock a “buy” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of €95.26 ($117.61).
Shares of HEI stock traded up €0.72 ($0.89) during trading hours on Thursday, reaching €80.18 ($98.99). 591,273 shares of the company traded hands, compared to its average volume of 712,290. HeidelbergCement has a 12-month low of €76.94 ($94.99) and a 12-month high of €96.00 ($118.52).
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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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