J P Morgan Chase & Co Reiterates “€83.00” Price Target for HeidelbergCement AG (HEI)

J P Morgan Chase & Co set a €83.00 ($97.65) price target on HeidelbergCement AG (ETR:HEI) in a research note released on Wednesday. The brokerage currently has a sell rating on the basic materials company’s stock.

Several other brokerages have also commented on HEI. S&P Global set a €80.00 ($94.12) target price on HeidelbergCement AG and gave the company a sell rating in a research report on Wednesday, August 2nd. UBS AG set a €90.00 ($105.88) target price on HeidelbergCement AG and gave the company a neutral rating in a research report on Tuesday, August 1st. Kepler Capital Markets set a €85.00 ($100.00) target price on HeidelbergCement AG and gave the company a buy rating in a research report on Wednesday, August 30th. Commerzbank Ag set a €83.00 ($97.65) target price on HeidelbergCement AG and gave the company a sell rating in a research report on Wednesday, July 19th. Finally, Citigroup Inc. set a €95.00 ($111.76) target price on HeidelbergCement AG and gave the company a buy rating in a research report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €92.87 ($109.26).

Shares of HeidelbergCement AG (ETR HEI) opened at 84.588 on Wednesday. HeidelbergCement AG has a 52-week low of €76.95 and a 52-week high of €94.42. The stock’s 50 day moving average price is €83.97 and its 200-day moving average price is €84.49. The firm has a market cap of €16.82 billion and a price-to-earnings ratio of 22.437.

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About HeidelbergCement AG

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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