Credit Suisse Group Reiterates €59.00 Price Target for HeidelbergCement (ETR:HEI)

Credit Suisse Group set a €59.00 ($64.13) target price on HeidelbergCement (ETR:HEIGet Rating) in a report issued on Thursday morning, Borsen Zeitung reports.

Several other equities research analysts also recently weighed in on HEI. JPMorgan Chase & Co. set a €60.00 ($65.22) price target on HeidelbergCement in a report on Friday, April 8th. Jefferies Financial Group set a €55.00 ($59.78) price target on HeidelbergCement in a report on Wednesday, April 6th. UBS Group set a €87.00 ($94.57) price objective on HeidelbergCement in a report on Monday. The Goldman Sachs Group set a €56.00 ($60.87) price objective on HeidelbergCement in a report on Friday, March 25th. Finally, Berenberg Bank set a €72.00 ($78.26) price objective on HeidelbergCement in a report on Friday, February 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of €70.08 ($76.18).

Shares of ETR HEI opened at €51.34 ($55.80) on Thursday. The company has a debt-to-equity ratio of 49.38, a quick ratio of 0.75 and a current ratio of 1.16. The business’s 50 day moving average price is €57.38 and its 200-day moving average price is €60.97. HeidelbergCement has a fifty-two week low of €47.01 ($51.10) and a fifty-two week high of €81.04 ($88.09). The company has a market cap of $9.91 billion and a price-to-earnings ratio of 5.76.

About HeidelbergCement (Get Rating)

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company also offers natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components.

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