HSBC set a €89.00 ($98.89) price target on HeidelbergCement AG (ETR:HEI) in a research report sent to investors on Monday. The firm currently has a a buy rating on the stock.

Several other research firms have also commented on HEI. Goldman Sachs Group Inc. set a €98.00 ($108.89) price objective on shares of HeidelbergCement AG and gave the stock a buy rating in a research note on Wednesday, June 29th. DZ Bank AG reiterated a buy rating on shares of HeidelbergCement AG in a research note on Tuesday, June 28th. BNP Paribas set a €92.00 ($102.22) price target on shares of HeidelbergCement AG and gave the company a buy rating in a research note on Monday, June 27th. JPMorgan Chase & Co. set a €77.00 ($85.56) price target on shares of HeidelbergCement AG and gave the company a neutral rating in a research note on Monday, June 27th. Finally, Sanford C. Bernstein set a €89.00 ($98.89) price target on shares of HeidelbergCement AG and gave the company a buy rating in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and an average target price of €83.70 ($93.00).

Shares of HeidelbergCement AG (ETR:HEI) opened at 81.55 on Monday. The stock has a market cap of €15.36 billion and a PE ratio of 17.06. The company has a 50-day moving average of €80.01 and a 200 day moving average of €75.40. HeidelbergCement AG has a one year low of €58.70 and a one year high of €84.18.

HeidelbergCement AG Company Profile

Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services.

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