Deutsche Bank set a €72.00 ($83.72) price objective on HeidelbergCement (ETR:HEI) in a report published on Monday morning. The brokerage currently has a neutral rating on the basic materials company’s stock.
HEI has been the subject of several other research reports. Nord/LB set a €75.00 ($87.21) price target on HeidelbergCement and gave the company a neutral rating in a report on Tuesday, August 14th. Barclays set a €73.00 ($84.88) price target on HeidelbergCement and gave the company a buy rating in a report on Friday, October 19th. Societe Generale set a €62.00 ($72.09) price target on HeidelbergCement and gave the company a neutral rating in a report on Thursday, November 8th. Goldman Sachs Group set a €80.00 ($93.02) price target on HeidelbergCement and gave the company a buy rating in a report on Wednesday, November 14th. Finally, Sanford C. Bernstein set a €99.00 ($115.12) price target on HeidelbergCement and gave the company a buy rating in a report on Thursday, November 8th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of €77.89 ($90.57).
Shares of HeidelbergCement stock opened at €57.36 ($66.70) on Monday. HeidelbergCement has a 1 year low of €76.94 ($89.47) and a 1 year high of €96.00 ($111.63).
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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