Shares of HeidelbergCement AG (ETR:HEI) have earned an average recommendation of “Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is €78.11 ($90.83).
A number of equities analysts have recently issued reports on HEI shares. Bank of America restated a “buy” rating on shares of HeidelbergCement in a research report on Friday, August 31st. Nord/LB set a €59.00 ($68.60) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. set a €81.00 ($94.19) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Goldman Sachs Group set a €93.00 ($108.14) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Thursday, October 18th. Finally, Commerzbank set a €59.00 ($68.60) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Monday, October 29th.
Shares of HEI opened at €58.70 ($68.26) on Thursday. HeidelbergCement has a 12-month low of €76.94 ($89.47) and a 12-month high of €96.00 ($111.63).
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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