Barclays set a €77.00 ($89.53) price objective on HeidelbergCement (ETR:HEI) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other research analysts also recently weighed in on the stock. Deutsche Bank set a €72.00 ($83.72) target price on shares of HeidelbergCement and gave the company a neutral rating in a research report on Monday, December 3rd. JPMorgan Chase & Co. set a €73.00 ($84.88) price objective on shares of HeidelbergCement and gave the company a buy rating in a research report on Wednesday, December 5th. UBS Group set a €77.00 ($89.53) price objective on shares of HeidelbergCement and gave the company a buy rating in a research report on Tuesday, January 15th. Credit Suisse Group set a €74.00 ($86.05) price objective on shares of HeidelbergCement and gave the company a neutral rating in a research report on Monday, March 4th. Finally, Kepler Capital Markets set a €80.00 ($93.02) price objective on shares of HeidelbergCement and gave the company a buy rating in a research report on Tuesday, February 19th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. HeidelbergCement currently has an average rating of Buy and an average price target of €74.94 ($87.14).
HeidelbergCement stock opened at €64.16 ($74.60) on Thursday. The firm has a market capitalization of $12.72 billion and a P/E ratio of 11.97. HeidelbergCement has a 1-year low of €51.84 ($60.28) and a 1-year high of €85.26 ($99.14). The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 69.17.
HeidelbergCement Company Profile
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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