UBS Group set a €73.00 ($84.88) target price on HeidelbergCement (ETR:HEI) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other research firms also recently commented on HEI. Barclays set a €77.00 ($89.53) target price on shares of HeidelbergCement and gave the company a neutral rating in a research report on Tuesday, July 30th. Sanford C. Bernstein set a €94.00 ($109.30) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Friday, June 7th. Oddo Bhf set a €85.00 ($98.84) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Tuesday, July 30th. Goldman Sachs Group set a €82.00 ($95.35) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Tuesday, July 30th. Finally, DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a research report on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. HeidelbergCement has an average rating of Buy and an average price target of €75.83 ($88.18).
ETR HEI opened at €59.68 ($69.40) on Tuesday. The company has a debt-to-equity ratio of 72.79, a current ratio of 0.94 and a quick ratio of 0.64. The firm’s fifty day moving average price is €66.24 and its 200 day moving average price is €66.84. The company has a market capitalization of $11.84 billion and a price-to-earnings ratio of 12.08. HeidelbergCement has a 12 month low of €51.84 ($60.28) and a 12 month high of €73.52 ($85.49).
HeidelbergCement Company Profile
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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