Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Here’s What Happened

Shares of Heidelberg Materials (OTCMKTS:HDLMY) gapped down prior to trading on Friday . The stock had previously closed at $52.54, but opened at $51.31. Heidelberg Materials shares last traded at $53.24, with a volume of 791 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Royal Bank Of Canada cut shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Zacks Research lowered shares of Heidelberg Materials from a “hold” rating to a “strong sell” rating in a report on Friday, December 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Heidelberg Materials has a consensus rating of “Hold”.

Heidelberg Materials Stock Up 0.2%

About Heidelberg Materials

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.