Morgan Stanley Analysts Give HeidelbergCement (HEI) a €94.00 Price Target

Morgan Stanley set a €94.00 ($111.90) price target on HeidelbergCement (ETR:HEI) in a report issued on Friday. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other research analysts also recently commented on the stock. Deutsche Bank set a €104.60 ($124.52) price target on shares of HeidelbergCement and gave the stock a buy rating in a research note on Wednesday. Sanford C. Bernstein set a €105.00 ($125.00) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Monday, January 8th. Independent Research set a €97.00 ($115.48) target price on shares of HeidelbergCement and gave the company a neutral rating in a research report on Wednesday, January 3rd. Berenberg Bank set a €102.00 ($121.43) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. set a €84.00 ($100.00) target price on shares of HeidelbergCement and gave the company a sell rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of €96.16 ($114.48).

HeidelbergCement (ETR:HEI) traded down €0.70 ($0.83) during mid-day trading on Friday, reaching €94.80 ($112.86). 649,897 shares of the company traded hands, compared to its average volume of 554,160. The stock has a market cap of $18,810.00 and a P/E ratio of 20.56. HeidelbergCement has a 52 week low of €76.94 ($91.60) and a 52 week high of €95.76 ($114.00).

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About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.

Analyst Recommendations for HeidelbergCement (ETR:HEI)

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