HSBC Analysts Give HeidelbergCement (HEI) a €76.00 Price Target

HeidelbergCement (ETR:HEI) has been given a €76.00 ($86.36) target price by stock analysts at HSBC in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the basic materials company’s stock. HSBC’s price objective would suggest a potential upside of 9.16% from the company’s current price.

HEI has been the topic of a number of other reports. Barclays set a €98.00 ($111.36) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Monday, July 16th. Morgan Stanley set a €85.00 ($96.59) price target on HeidelbergCement and gave the stock a “neutral” rating in a research note on Wednesday, June 13th. Nord/LB set a €80.00 ($90.91) price target on HeidelbergCement and gave the stock a “neutral” rating in a research note on Wednesday, May 30th. Goldman Sachs Group set a €97.00 ($110.23) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, Citigroup set a €90.00 ($102.27) price target on HeidelbergCement and gave the stock a “buy” rating in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. HeidelbergCement presently has an average rating of “Buy” and an average target price of €89.55 ($101.76).

Shares of ETR:HEI opened at €69.62 ($79.11) on Friday. HeidelbergCement has a 1 year low of €76.94 ($87.43) and a 1 year high of €96.00 ($109.09).

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.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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