Commerzbank Ag Reiterates €81.00 Price Target for HeidelbergCement AG (HEI)
Commerzbank Ag set a €81.00 ($94.19) price target on HeidelbergCement AG (ETR:HEI) in a research note released on Wednesday. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts also recently issued reports about the company. Berenberg Bank set a €99.00 ($115.12) price target on HeidelbergCement AG and gave the stock a buy rating in a report on Thursday, July 13th. Deutsche Bank AG set a €99.00 ($115.12) target price on HeidelbergCement AG and gave the stock a buy rating in a research report on Wednesday, July 19th. DZ Bank AG reiterated a buy rating on shares of HeidelbergCement AG in a research report on Tuesday, August 1st. Sanford C. Bernstein set a €101.00 ($117.44) target price on HeidelbergCement AG and gave the stock a buy rating in a research report on Monday, July 31st. Finally, HSBC Holdings plc set a €107.00 ($124.42) target price on HeidelbergCement AG and gave the stock a buy rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of €93.35 ($108.54).
Shares of HeidelbergCement AG (HEI) opened at €91.14 ($105.98) on Wednesday. HeidelbergCement AG has a fifty-two week low of €76.95 ($89.48) and a fifty-two week high of €94.59 ($109.99).
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About HeidelbergCement AG
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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