JPMorgan Chase & Co. set a €78.00 ($90.70) price objective on HeidelbergCement (ETR:HEI) in a research report released on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.
Several other brokerages have also weighed in on HEI. Credit Suisse Group restated a hold rating and issued a $32.00 price objective on shares of CRH in a report on Friday, July 5th. DZ Bank restated a buy rating on shares of HeidelbergCement in a report on Wednesday, May 15th. Berenberg Bank set a €95.00 ($110.47) price objective on HeidelbergCement and gave the company a buy rating in a report on Tuesday, July 16th. Independent Research set a €32.00 ($37.21) target price on Bilfinger and gave the company a neutral rating in a report on Thursday, May 9th. Finally, Kepler Capital Markets set a €112.00 ($130.23) target price on LEG Immobilien and gave the company a buy rating in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. HeidelbergCement has a consensus rating of Buy and a consensus price target of €75.53 ($87.82).
Shares of HeidelbergCement stock opened at €68.06 ($79.14) on Thursday. 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 firm has a market capitalization of $13.50 billion and a price-to-earnings ratio of 11.81. The company has a fifty day moving average price of €68.84. HeidelbergCement has a fifty-two week low of €51.84 ($60.28) and a fifty-two week high of €74.14 ($86.21).
HeidelbergCement Company Profile
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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