HeidelbergCement (ETR:HEI) PT Set at €64.90 by Jefferies Financial Group

HeidelbergCement (ETR:HEI) has been assigned a €64.90 ($73.75) price objective by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s target price suggests a potential downside of 0.03% from the stock’s current price.

Several other brokerages have also issued reports on HEI. Nord/LB set a €65.00 ($73.86) price target on shares of HeidelbergCement in a report on Wednesday, December 1st. Kepler Capital Markets set a €81.00 ($92.05) price target on shares of HeidelbergCement in a report on Friday, November 12th. UBS Group set a €87.00 ($98.86) price target on shares of HeidelbergCement in a report on Friday, December 17th. Berenberg Bank set a €90.00 ($102.27) target price on shares of HeidelbergCement in a report on Friday, November 12th. Finally, Morgan Stanley set a €90.00 ($102.27) target price on shares of HeidelbergCement in a report on Friday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, HeidelbergCement has an average rating of “Hold” and a consensus price target of €75.66 ($85.98).

Shares of HeidelbergCement stock opened at €65.02 ($73.89) on Thursday. The firm has a market capitalization of $12.90 billion and a PE ratio of 7.36. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 61.36. The firm’s 50 day moving average is €62.08 and its 200 day moving average is €67.37. HeidelbergCement has a 1 year low of €56.60 ($64.32) and a 1 year high of €81.04 ($92.09).

About HeidelbergCement

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company also offers natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components.

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