UBS Group set a €81.00 ($94.19) target price on HeidelbergCement (ETR:HEI) in a report published on Tuesday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the basic materials company’s stock.
HEI has been the topic of a number of other reports. Barclays set a €88.00 ($102.33) price target on shares of HeidelbergCement and gave the stock a buy rating in a report on Wednesday, August 1st. Nord/LB set a €75.00 ($87.21) price target on shares of HeidelbergCement and gave the stock a neutral rating in a report on Tuesday, August 14th. Kepler Capital Markets set a €88.00 ($102.33) price target on shares of HeidelbergCement and gave the stock a buy rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. set a €87.00 ($101.16) price target on shares of HeidelbergCement and gave the stock a neutral rating in a report on Wednesday, August 1st. Finally, DZ Bank reissued a buy rating on shares of HeidelbergCement in a report on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of €85.26 ($99.14).
Shares of HeidelbergCement stock opened at €56.62 ($65.84) on Tuesday. HeidelbergCement has a 12-month low of €76.94 ($89.47) and a 12-month high of €96.00 ($111.63).
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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