Berenberg Bank Reiterates “€99.00” Price Target for HeidelbergCement AG (ETR:HEI)

HeidelbergCement AG (ETR:HEI) received a €99.00 ($116.47) price target from investment analysts at Berenberg Bank in a report issued on Wednesday, October 18th. The firm currently has a “buy” rating on the basic materials company’s stock.

HEI has been the subject of a number of other research reports. Kepler Capital Markets set a €85.00 ($100.00) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a research report on Wednesday, September 20th. Deutsche Bank AG set a €98.00 ($115.29) price objective on shares of HeidelbergCement AG and gave the company a “buy” rating in a research report on Thursday, October 5th. UBS AG set a €90.00 ($105.88) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research report on Thursday, July 13th. Nord/LB set a €85.00 ($100.00) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research report on Tuesday, June 27th. Finally, J P Morgan Chase & Co set a €86.00 ($101.18) price objective on shares of HeidelbergCement AG and gave the company a “neutral” rating in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. HeidelbergCement AG has a consensus rating of “Hold” and a consensus price target of €92.79 ($109.16).

HeidelbergCement AG (ETR HEI) traded down 0.432% during mid-day trading on Wednesday, reaching €86.793. The company had a trading volume of 3,153 shares. The company’s 50-day moving average is €84.67 and its 200-day moving average is €84.44. HeidelbergCement AG has a one year low of €76.95 and a one year high of €94.42. The stock has a market capitalization of €17.26 billion and a PE ratio of 23.022.

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HeidelbergCement AG 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.

Analyst Recommendations for HeidelbergCement AG (ETR:HEI)

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