Morgan Stanley Analysts Give HeidelbergCement (HEI) a €85.00 Price Target

Morgan Stanley set a €85.00 ($98.84) price objective on HeidelbergCement (ETR:HEI) in a report issued on Friday. The brokerage currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts also recently commented on HEI. Deutsche Bank set a €96.00 ($111.63) price target on HeidelbergCement and gave the company a buy rating in a research note on Thursday, July 5th. Sanford C. Bernstein set a €106.00 ($123.26) price target on HeidelbergCement and gave the company a buy rating in a research note on Monday, July 9th. Kepler Capital Markets set a €88.00 ($102.33) target price on HeidelbergCement and gave the stock a buy rating in a research note on Tuesday, July 10th. Goldman Sachs Group set a €97.00 ($112.79) target price on HeidelbergCement and gave the stock a buy rating in a research note on Thursday, July 12th. Finally, UBS Group set a €86.00 ($100.00) target price on HeidelbergCement and gave the stock a buy rating in a research note on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of €81.16 ($94.37).

HEI stock opened at €60.84 ($70.74) on Friday. HeidelbergCement has a 52 week low of €76.94 ($89.47) and a 52 week high of €96.00 ($111.63).

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.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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