Brokerages Set HeidelbergCement AG (HEI) Price Target at $95.73

Shares of HeidelbergCement AG (ETR:HEI) have been given an average recommendation of “Buy” by the nineteen ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is €95.73 ($113.96).

A number of brokerages have recently commented on HEI. Commerzbank set a €109.00 ($129.76) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Citigroup set a €102.00 ($121.43) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Thursday, November 16th. Deutsche Bank set a €104.60 ($124.52) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Monday, November 20th. Independent Research set a €95.00 ($113.10) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, Nord/LB set a €85.00 ($101.19) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Thursday, November 23rd.

Shares of HeidelbergCement (ETR HEI) traded up €0.77 ($0.92) during trading hours on Thursday, hitting €89.99 ($107.13). 1,080,000 shares of the stock were exchanged, compared to its average volume of 754,658. 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 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 (ETR:HEI)

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