HeidelbergCement (HEI) PT Set at €74.00 by Credit Suisse Group

HeidelbergCement (ETR:HEI) has been assigned a €74.00 ($86.05) price target by analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Credit Suisse Group’s target price suggests a potential upside of 7.78% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. set a €76.00 ($88.37) price objective on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, April 18th. Deutsche Bank reissued a “neutral” rating on shares of HeidelbergCement in a report on Tuesday, March 26th. Morgan Stanley set a €74.00 ($86.05) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Berenberg Bank set a €92.00 ($106.98) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Barclays set a €77.00 ($89.53) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a report on Wednesday, February 20th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. HeidelbergCement currently has an average rating of “Buy” and a consensus price target of €76.33 ($88.76).

Shares of HEI stock traded up €1.36 ($1.58) on Tuesday, hitting €68.66 ($79.84). The company’s stock had a trading volume of 451,879 shares, compared to its average volume of 712,290. The company has a debt-to-equity ratio of 65.28, a quick ratio of 0.84 and a current ratio of 1.20. HeidelbergCement has a fifty-two week low of €51.84 ($60.28) and a fifty-two week high of €81.70 ($95.00). The company has a market capitalization of $13.62 billion and a PE ratio of 11.92.

HeidelbergCement Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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