HeidelbergCement (ETR:HEI) has been assigned a €76.00 ($88.37) price objective by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, September 26th, Borsen Zeitung reports. The firm presently has a “buy” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.03% from the company’s current price.
A number of other research analysts have also weighed in on the company. Nord/LB set a €64.00 ($74.42) price objective on HeidelbergCement and gave the company a “neutral” rating in a report on Wednesday, August 28th. Goldman Sachs Group set a €82.00 ($95.35) price objective on HeidelbergCement and gave the company a “buy” rating in a report on Tuesday, July 30th. Credit Suisse Group set a €74.00 ($86.05) target price on HeidelbergCement and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Sanford C. Bernstein set a €94.00 ($109.30) target price on HeidelbergCement and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Barclays set a €77.00 ($89.53) target price on HeidelbergCement and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of €75.32 ($87.58).
Shares of HEI stock traded up €1.62 ($1.88) during mid-day trading on Thursday, reaching €63.32 ($73.63). The stock had a trading volume of 784,856 shares, compared to its average volume of 712,290. The business’s fifty day moving average is €63.75 and its 200-day moving average is €66.95. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 72.79. The firm has a market cap of $12.56 billion and a price-to-earnings ratio of 12.82. HeidelbergCement has a 1-year low of €51.84 ($60.28) and a 1-year high of €73.52 ($85.49).
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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