Goldman Sachs Group Analysts Give HeidelbergCement (ETR:HEI) a €82.00 Price Target

Goldman Sachs Group set a €82.00 ($95.35) price target on HeidelbergCement (ETR:HEI) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. Barclays reaffirmed an underweight rating and issued a GBX 600 ($7.84) target price on shares of in a research note on Monday, July 8th. UBS Group reaffirmed a hold rating and issued a $130.00 target price on shares of Continental in a research note on Wednesday, May 15th. DZ Bank reaffirmed a buy rating on shares of HeidelbergCement in a research note on Wednesday, May 15th. Nord/LB set a €64.00 ($74.42) target price on shares of HeidelbergCement and gave the stock a neutral rating in a research note on Thursday, May 23rd. Finally, Berenberg Bank set a €95.00 ($110.47) target price on shares of HeidelbergCement and gave the stock a buy rating in a research note on Tuesday, July 16th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. HeidelbergCement currently has an average rating of Buy and an average price target of €75.53 ($87.82).

Shares of ETR HEI opened at €68.06 ($79.14) on Friday. HeidelbergCement has a 1-year low of €51.84 ($60.28) and a 1-year high of €74.14 ($86.21). The company has a market capitalization of $13.50 billion and a P/E ratio of 11.81. The company has a debt-to-equity ratio of 65.28, a quick ratio of 0.84 and a current ratio of 1.20. The business has a 50-day moving average of €68.84.

About HeidelbergCement

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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