Heidelberg Materials (OTCMKTS:HDLMY) Hits New 52-Week High – Here’s What Happened

Heidelberg Materials (OTCMKTS:HDLMY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.98 and last traded at $55.83, with a volume of 18484 shares. The stock had previously closed at $54.42.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Heidelberg Materials in a report on Thursday, January 15th. Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Zacks Research downgraded Heidelberg Materials from a “hold” rating to a “strong sell” rating in a report on Friday, December 26th. Finally, Royal Bank Of Canada cut Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Heidelberg Materials Stock Performance

The firm has a 50-day moving average of $52.14.

Heidelberg Materials Company Profile

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.