HeidelbergCement (ETR:HEI) has been assigned a €105.00 ($125.00) price target by stock analysts at Sanford C. Bernstein in a report released on Tuesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s target price suggests a potential upside of 13.71% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. Berenberg Bank set a €99.00 ($117.86) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Independent Research set a €95.00 ($113.10) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. set a €83.00 ($98.81) target price on shares of HeidelbergCement and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Kepler Capital Markets set a €85.00 ($101.19) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, BNP Paribas set a €109.00 ($129.76) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. HeidelbergCement currently has a consensus rating of “Buy” and an average target price of €96.16 ($114.48).
Shares of HeidelbergCement (ETR:HEI) opened at €92.34 ($109.93) on Tuesday. HeidelbergCement has a 1-year low of €76.94 ($91.60) and a 1-year high of €96.00 ($114.29). The stock has a market cap of $18,320.00 and a PE ratio of 20.03.
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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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