HeidelbergCement AG (HEI) Given Average Rating of “Buy” by Brokerages

Shares of HeidelbergCement AG (ETR:HEI) have received a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is €95.08 ($117.38).

Several research firms have recently commented on HEI. Deutsche Bank set a €102.50 ($126.54) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Friday, March 23rd. Commerzbank set a €107.00 ($132.10) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, March 22nd. UBS set a €90.00 ($111.11) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research note on Monday, March 26th. Societe Generale set a €86.00 ($106.17) price target on shares of HeidelbergCement and gave the company a “neutral” rating in a report on Monday, March 26th. Finally, Goldman Sachs set a €101.00 ($124.69) price target on shares of HeidelbergCement and gave the company a “buy” rating in a report on Thursday, March 22nd.

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Shares of HEI stock remained flat at $€79.78 ($98.49) during mid-day trading on Friday. HeidelbergCement has a 1-year low of €76.94 ($94.99) and a 1-year high of €96.00 ($118.52).

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About HeidelbergCement

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.

Analyst Recommendations for HeidelbergCement (ETR:HEI)

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