Deutsche Bank Reiterates “€102.50” Price Target for HeidelbergCement (HEI)

Deutsche Bank set a €102.50 ($126.54) price target on HeidelbergCement (ETR:HEI) in a research note released on Friday, March 23rd. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase set a €84.00 ($103.70) price objective on HeidelbergCement and gave the company a sell rating in a report on Thursday, January 18th. Sanford C. Bernstein set a €105.00 ($129.63) price objective on HeidelbergCement and gave the company a buy rating in a report on Monday, January 8th. Independent Research set a €97.00 ($119.75) price objective on HeidelbergCement and gave the company a neutral rating in a report on Wednesday, January 3rd. Nord/LB set a €85.00 ($104.94) price objective on HeidelbergCement and gave the company a neutral rating in a report on Thursday, November 23rd. Finally, Berenberg Bank set a €102.00 ($125.93) price objective on HeidelbergCement and gave the company a buy rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. HeidelbergCement presently has a consensus rating of Buy and a consensus target price of €95.26 ($117.61).

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HeidelbergCement stock traded up €0.72 ($0.89) during midday trading on Friday, reaching €80.18 ($98.99). The company’s stock had a trading volume of 591,273 shares, compared to its average volume of 712,290. HeidelbergCement has a 52-week low of €76.94 ($94.99) and a 52-week high of €96.00 ($118.52).

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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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