Hochtief (FRA:HOT) has been assigned a €159.00 ($184.88) price target by investment analysts at Independent Research in a note issued to investors on Monday, November 12th. The brokerage presently has a “buy” rating on the stock. Independent Research’s target price would indicate a potential upside of 32.72% from the stock’s current price.
Several other research firms have also recently issued reports on HOT. Nord/LB set a €150.00 ($174.42) price target on Hochtief and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. HSBC set a €173.00 ($201.16) price target on Hochtief and gave the stock a “buy” rating in a research note on Friday, November 9th. Cfra set a €155.00 ($180.23) price target on Hochtief and gave the stock a “buy” rating in a research note on Thursday, November 8th. Commerzbank set a €150.00 ($174.42) target price on Hochtief and gave the company a “neutral” rating in a research note on Monday, August 20th. Finally, Societe Generale set a €159.10 ($185.00) target price on Hochtief and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €154.46 ($179.60).
Shares of FRA:HOT traded up €0.20 ($0.23) on Monday, hitting €119.80 ($139.30). The company’s stock had a trading volume of 63,277 shares. Hochtief has a 12 month low of €128.00 ($148.84) and a 12 month high of €175.00 ($203.49).
Hochtief Company Profile
HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. The company operates through HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe divisions. The HOCHTIEF Americas division provides building and infrastructure construction services primarily in the United States and Canada, including public buildings, office properties, sports facilities, educational and healthcare properties, transportation infrastructure, hydroelectric power stations, and dams.
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