UBS set a €86.50 ($102.98) price objective on HeidelbergCement (ETR:HEI) in a research note released on Tuesday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other research analysts have also recently issued reports on HEI. J P Morgan Chase & Co reissued a neutral rating on shares of HeidelbergCement in a report on Tuesday, August 15th. Independent Research set a €90.00 ($107.14) target price on shares of HeidelbergCement and gave the stock a neutral rating in a report on Monday, September 25th. Commerzbank set a €81.00 ($96.43) target price on shares of HeidelbergCement and gave the stock a neutral rating in a report on Monday, August 14th. Sanford C. Bernstein set a €97.75 ($116.37) target price on shares of HeidelbergCement and gave the stock a buy rating in a report on Wednesday, September 20th. Finally, Societe Generale set a €83.00 ($98.81) target price on shares of HeidelbergCement and gave the stock a neutral rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of €95.85 ($114.10).
HeidelbergCement (ETR:HEI) opened at €89.37 ($106.39) on Tuesday. HeidelbergCement has a fifty-two week low of €76.94 ($91.60) and a fifty-two week high of €93.80 ($111.67).
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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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