HeidelbergCement (HEI) Given a €59.00 Price Target by Nord/LB Analysts

HeidelbergCement (ETR:HEI) has been assigned a €59.00 ($68.60) price target by Nord/LB in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the basic materials company’s stock. Nord/LB’s price target suggests a potential upside of 4.20% from the company’s current price.

A number of other research analysts also recently weighed in on HEI. Kepler Capital Markets set a €84.00 ($97.67) price objective on HeidelbergCement and gave the company a “buy” rating in a research note on Friday. Barclays set a €73.00 ($84.88) price objective on HeidelbergCement and gave the company a “buy” rating in a research note on Friday. DZ Bank reissued a “buy” rating on shares of HeidelbergCement in a research note on Thursday. Independent Research set a €70.00 ($81.40) price objective on HeidelbergCement and gave the company a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley set a €85.00 ($98.84) target price on HeidelbergCement and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of €85.26 ($99.14).

Shares of HEI stock traded down €0.64 ($0.74) during trading on Friday, reaching €56.62 ($65.84). The company had a trading volume of 1,470,304 shares, compared to its average volume of 712,290. HeidelbergCement has a one year low of €76.94 ($89.47) and a one year high of €96.00 ($111.63).

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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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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