UBS Group set a €75.00 ($87.21) price objective on HeidelbergCement (ETR:HEI) in a research note released on Wednesday, July 31st, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other equities analysts also recently weighed in on HEI. DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a report on Tuesday, July 30th. Oddo Bhf set a €85.00 ($98.84) target price on shares of HeidelbergCement and gave the stock a buy rating in a report on Tuesday, July 30th. Barclays set a €77.00 ($89.53) target price on shares of HeidelbergCement and gave the stock a neutral rating in a report on Tuesday, July 30th. Morgan Stanley set a €74.00 ($86.05) target price on shares of HeidelbergCement and gave the stock a neutral rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. set a €78.00 ($90.70) target price on shares of HeidelbergCement and gave the stock a buy rating in a report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of €75.83 ($88.18).
ETR:HEI traded down €0.28 ($0.33) during trading hours on Wednesday, hitting €60.60 ($70.47). 710,179 shares of the stock traded hands, compared to its average volume of 712,290. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 72.79. HeidelbergCement has a 1 year low of €51.84 ($60.28) and a 1 year high of €73.52 ($85.49). The company has a market cap of $12.02 billion and a price-to-earnings ratio of 12.27. The stock has a 50 day moving average price of €64.52 and a 200 day moving average price of €66.70.
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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