Citigroup set a €80.00 ($93.02) target price on HeidelbergCement (ETR:HEI) in a research note issued to investors on Monday, November 12th. The firm currently has a buy rating on the basic materials company’s stock.
Other analysts also recently issued reports about the company. Goldman Sachs Group set a €97.00 ($112.79) price target on HeidelbergCement and gave the stock a buy rating in a report on Tuesday, July 31st. Cfra set a €78.00 ($90.70) price target on HeidelbergCement and gave the stock a neutral rating in a report on Thursday, August 2nd. HSBC set a €76.00 ($88.37) price target on HeidelbergCement and gave the stock a neutral rating in a report on Friday, August 17th. Barclays set a €88.00 ($102.33) price target on HeidelbergCement and gave the stock a buy rating in a report on Wednesday, August 1st. Finally, Societe Generale set a €78.00 ($90.70) price target on HeidelbergCement and gave the stock a neutral rating in a report on Tuesday, July 31st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. HeidelbergCement presently has an average rating of Buy and an average target price of €77.89 ($90.57).
ETR:HEI traded up €0.68 ($0.79) during midday trading on Monday, reaching €55.50 ($64.53). The company had a trading volume of 800,630 shares, compared to its average volume of 712,290. 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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