HeidelbergCement AG (HEI) PT Set at €95.00 by Citigroup Inc.
HeidelbergCement AG (ETR:HEI) has been assigned a €95.00 ($113.10) target price by investment analysts at Citigroup Inc. in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock.
Several other brokerages have also recently commented on HEI. Societe Generale set a €87.00 ($103.57) target price on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Friday, May 12th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of HeidelbergCement AG in a report on Tuesday, August 15th. Deutsche Bank AG set a €89.00 ($105.95) target price on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Saturday, May 20th. UBS AG set a €88.00 ($104.76) target price on shares of HeidelbergCement AG and gave the company a “neutral” rating in a report on Wednesday, May 10th. Finally, S&P Global set a €80.00 ($95.24) target price on shares of HeidelbergCement AG and gave the company a “sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. HeidelbergCement AG currently has a consensus rating of “Hold” and a consensus target price of €93.12 ($110.86).
Shares of HeidelbergCement AG (ETR:HEI) opened at 80.782 on Thursday. The firm has a 50-day moving average of €83.42 and a 200 day moving average of €85.77. The stock has a market cap of €16.06 billion and a price-to-earnings ratio of 21.428. HeidelbergCement AG has a 1-year low of €77.50 and a 1-year high of €94.42.
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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