Heidelberg Materials (OTCMKTS:HDLMY) Upgraded to “Moderate Buy” at Royal Bank Of Canada

Heidelberg Materials (OTCMKTS:HDLMY) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report issued on Friday, Zacks reports.

Separately, Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Heidelberg Materials currently has a consensus rating of “Buy”.

Heidelberg Materials Trading Up 1.5%

HDLMY opened at $32.08 on Friday. The business’s 50-day moving average is $35.73 and its two-hundred day moving average is $39.44. Heidelberg Materials has a 1 year low of $30.85 and a 1 year high of $57.79.

About Heidelberg Materials

Heidelberg Materials is a Germany-based global building materials company that produces and distributes cement, aggregates, ready-mixed concrete and asphalt. Its products are used in residential, commercial and infrastructure construction, including roads, bridges and other large-scale projects. The company also provides related building materials and services through a network of production facilities, distribution sites and construction-materials businesses.

The company traces its origins to 1873, when it was founded in Heidelberg, Germany, as Heidelberg Portland-Cement Works.