HeidelbergCement (ETR:HEI) PT Set at €76.00 by JPMorgan Chase & Co.

HeidelbergCement (ETR:HEI) has been assigned a €76.00 ($88.37) price target by research analysts at JPMorgan Chase & Co. in a research note issued on Thursday, May 9th, Borsen Zeitung reports. The firm presently has a “buy” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.92% from the stock’s previous close.

A number of other analysts have also recently commented on HEI. Nord/LB set a €62.00 ($72.09) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Monday, April 1st. Kepler Capital Markets set a €80.00 ($93.02) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, May 9th. UBS Group set a €75.00 ($87.21) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, March 21st. Berenberg Bank set a €92.00 ($106.98) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Deutsche Bank set a €73.00 ($84.88) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of €76.50 ($88.95).

Shares of HeidelbergCement stock opened at €70.42 ($81.88) on Thursday. The firm has a market cap of $13.96 billion and a price-to-earnings ratio of 12.22. HeidelbergCement has a 52 week low of €51.84 ($60.28) and a 52 week high of €81.70 ($95.00). The company has a debt-to-equity ratio of 65.28, a current ratio of 1.20 and a quick ratio of 0.84.

About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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