HeidelbergCement (ETR:HEI) has been given a €81.00 ($94.19) price objective by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, October 3rd. The brokerage presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 32.57% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. Bank of America reissued a “buy” rating on shares of HeidelbergCement in a research note on Friday, August 31st. BNP Paribas set a €104.50 ($121.51) target price on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, June 7th. Kepler Capital Markets set a €88.00 ($102.33) target price on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Tuesday, July 31st. Independent Research set a €83.00 ($96.51) target price on shares of HeidelbergCement and gave the company a “neutral” rating in a research note on Wednesday, August 1st. Finally, UBS Group set a €86.00 ($100.00) target price on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. HeidelbergCement currently has a consensus rating of “Buy” and an average price target of €88.26 ($102.63).
Shares of ETR:HEI opened at €61.10 ($71.05) on Wednesday. HeidelbergCement has a 12 month low of €76.94 ($89.47) and a 12 month 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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