Heidelberg Materials (OTCMKTS:HLBZF) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Heidelberg Materials AG (OTCMKTS:HLBZF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $246.85 and traded as low as $214.21. Heidelberg Materials shares last traded at $230.29, with a volume of 514 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on HLBZF. Morgan Stanley cut Heidelberg Materials to an “underweight” rating in a research report on Wednesday, December 10th. Barclays upgraded shares of Heidelberg Materials to an “overweight” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Heidelberg Materials in a research report on Monday, December 8th. Finally, Royal Bank Of Canada downgraded shares of Heidelberg Materials from an “outperform” rating to a “sector perform” rating in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Heidelberg Materials Trading Down 3.8%

The stock has a fifty day moving average of $265.72 and a two-hundred day moving average of $246.85.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.