HeidelbergCement (ETR:HEI) has been given a €105.00 ($129.63) price target by research analysts at Sanford C. Bernstein in a report issued on Thursday, March 22nd. The brokerage presently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 30.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Barclays set a €100.00 ($123.46) target price on HeidelbergCement and gave the stock a “buy” rating in a report on Monday, January 29th. Deutsche Bank set a €104.60 ($129.14) price objective on HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Berenberg Bank set a €102.00 ($125.93) price objective on HeidelbergCement and gave the stock a “buy” rating in a research note on Tuesday, December 19th. DZ Bank restated a “buy” rating on shares of HeidelbergCement in a research note on Wednesday, December 13th. Finally, Commerzbank set a €107.00 ($132.10) price objective on HeidelbergCement and gave the stock a “buy” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of €95.26 ($117.61).
Shares of HEI stock traded up €0.72 ($0.89) during mid-day trading on Thursday, hitting €80.18 ($98.99). The stock had a trading volume of 591,273 shares, compared to its average volume of 712,290. HeidelbergCement has a 12-month low of €76.94 ($94.99) and a 12-month high of €96.00 ($118.52).
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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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