Barclays Reiterates “€77.00” Price Target for HeidelbergCement (ETR:HEI)

Barclays set a €77.00 ($89.53) price target on HeidelbergCement (ETR:HEI) in a research note published on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley reiterated a buy rating on shares of GW Pharmaceuticals PLC- in a report on Tuesday, April 9th. Credit Suisse Group reiterated a hold rating and issued a $32.00 price target on shares of CRH in a report on Friday, July 5th. Independent Research set a €32.00 ($37.21) price target on Bilfinger and gave the company a neutral rating in a report on Thursday, May 9th. Berenberg Bank boosted their price target on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the company a hold rating in a report on Thursday, May 9th. Finally, Kepler Capital Markets set a €112.00 ($130.23) price target on LEG Immobilien and gave the company a buy rating in a report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of €75.41 ($87.69).

HEI stock traded down €0.52 ($0.60) during midday trading on Monday, hitting €66.16 ($76.93). 755,712 shares of the company’s stock were exchanged, compared to its average volume of 712,290. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 65.28. HeidelbergCement has a 12-month low of €51.84 ($60.28) and a 12-month high of €74.14 ($86.21). The business has a 50 day moving average of €68.91. The firm has a market capitalization of $13.13 billion and a PE ratio of 11.48.

HeidelbergCement Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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