HeidelbergCement (ETR:HEI) received a €60.00 ($67.42) price target from stock analysts at UBS Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price suggests a potential upside of 22.20% from the stock’s current price.
A number of other research analysts also recently issued reports on HEI. Independent Research set a €44.00 ($49.44) price objective on shares of HeidelbergCement and gave the company a “neutral” rating in a research report on Friday, March 27th. Barclays set a €45.00 ($50.56) target price on shares of HeidelbergCement and gave the stock a “sell” rating in a research report on Tuesday, May 19th. Kepler Capital Markets set a €73.00 ($82.02) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Nord/LB set a €45.00 ($50.56) target price on shares of HeidelbergCement and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, HSBC set a €67.00 ($75.28) target price on shares of HeidelbergCement and gave the stock a “buy” rating in a research report on Monday, May 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €60.29 ($67.74).
Shares of HeidelbergCement stock opened at €49.10 ($55.17) on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.77 and a debt-to-equity ratio of 65.00. The company’s fifty day simple moving average is €46.26 and its two-hundred day simple moving average is €51.20. The company has a market cap of $9.74 billion and a P/E ratio of 8.93. HeidelbergCement has a 12-month low of €29.00 ($32.58) and a 12-month high of €70.38 ($79.08).
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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