Nord/LB Reiterates “€75.00” Price Target for HeidelbergCement (HEI)

Nord/LB set a €75.00 ($85.23) price objective on HeidelbergCement (ETR:HEI) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays set a €98.00 ($111.36) price target on shares of HeidelbergCement and gave the company a buy rating in a research report on Monday, July 16th. Morgan Stanley set a €85.00 ($96.59) price target on shares of HeidelbergCement and gave the company a neutral rating in a research report on Wednesday, June 13th. Goldman Sachs Group set a €97.00 ($110.23) price target on shares of HeidelbergCement and gave the company a buy rating in a research report on Thursday, July 12th. Citigroup set a €90.00 ($102.27) price target on shares of HeidelbergCement and gave the company a buy rating in a research report on Monday, July 16th. Finally, Societe Generale set a €78.00 ($88.64) price target on shares of HeidelbergCement and gave the company a neutral rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of €90.26 ($102.57).

HEI stock opened at €70.34 ($79.93) on Tuesday. HeidelbergCement has a 12 month low of €76.94 ($87.43) and a 12 month high of €96.00 ($109.09).

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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