HeidelbergCement (ETR:HEI) received a €104.00 ($120.93) price objective from equities researchers at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 32.65% from the stock’s previous close.
A number of other research firms have also commented on HEI. Kepler Capital Markets set a €87.00 ($101.16) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Jefferies Group set a €96.00 ($111.63) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Friday, March 16th. Commerzbank set a €107.00 ($124.42) price target on shares of HeidelbergCement and gave the company a “buy” rating in a research report on Thursday, March 22nd. Independent Research set a €94.00 ($109.30) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Societe Generale set a €86.00 ($100.00) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of €94.55 ($109.94).
Get HeidelbergCement alerts:Shares of HeidelbergCement opened at €78.40 ($91.16) on Wednesday, Marketbeat Ratings reports. HeidelbergCement has a twelve month low of €76.94 ($89.47) and a twelve month high of €96.00 ($111.63).
HeidelbergCement Company Profile
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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