HeidelbergCement (ETR:HEI) has been given a €100.00 ($123.46) target price by investment analysts at Barclays in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Barclays’ target price would suggest a potential upside of 27.98% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a €84.00 ($103.70) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Thursday. Jefferies Group set a €96.00 ($118.52) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday. Commerzbank set a €107.00 ($132.10) target price on shares of HeidelbergCement and gave the company a “buy” rating in a report on Thursday. Goldman Sachs set a €101.00 ($124.69) target price on shares of HeidelbergCement and gave the company a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein set a €105.00 ($129.63) target price on shares of HeidelbergCement and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. HeidelbergCement presently has an average rating of “Buy” and an average price target of €95.40 ($117.78).
Shares of HeidelbergCement (HEI) opened at €78.14 ($96.47) on Friday. The stock has a market cap of $16,250.00 and a P/E ratio of 16.95. HeidelbergCement has a 1 year low of €76.94 ($94.99) and a 1 year 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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