HeidelbergCement (ETR:HEI) received a €74.00 ($86.05) price target from equities research analysts at UBS Group in a research note issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. UBS Group’s price objective suggests a potential upside of 14.34% from the company’s current price.
A number of other research firms have also recently issued reports on HEI. Independent Research set a €73.00 ($84.88) price objective on HeidelbergCement and gave the stock a “neutral” rating in a report on Friday, November 8th. Deutsche Bank set a €72.00 ($83.72) price objective on HeidelbergCement and gave the stock a “buy” rating in a report on Tuesday, October 8th. Kepler Capital Markets set a €73.00 ($84.88) price objective on HeidelbergCement and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. set a €71.00 ($82.56) price objective on HeidelbergCement and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Nord/LB set a €65.00 ($75.58) target price on HeidelbergCement and gave the company a “neutral” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €75.53 ($87.83).
HEI opened at €64.72 ($75.26) on Wednesday. The stock has a 50-day moving average price of €65.38 and a 200-day moving average price of €65.31. HeidelbergCement has a 12-month low of €58.12 ($67.58) and a 12-month high of €73.52 ($85.49). The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 69.28. The stock has a market capitalization of $12.86 billion and a P/E ratio of 13.09.
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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