HeidelbergCement (ETR:HEI) PT Set at €50.00 by Barclays

HeidelbergCement (ETR:HEIGet Rating) has been given a €50.00 ($53.76) target price by research analysts at Barclays in a note issued to investors on Tuesday, Borsen Zeitung reports. Barclays‘s target price indicates a potential downside of 2.61% from the company’s previous close.

A number of other brokerages also recently weighed in on HEI. Jefferies Financial Group set a €55.00 ($59.14) target price on shares of HeidelbergCement in a research note on Wednesday, April 6th. Berenberg Bank set a €72.00 ($77.42) price target on shares of HeidelbergCement in a research note on Friday, February 25th. Credit Suisse Group set a €59.00 ($63.44) price target on shares of HeidelbergCement in a research note on Thursday, April 14th. The Goldman Sachs Group set a €56.00 ($60.22) price target on shares of HeidelbergCement in a research note on Friday, March 25th. Finally, UBS Group set a €87.00 ($93.55) price target on shares of HeidelbergCement in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of €68.45 ($73.61).

HEI stock opened at €51.34 ($55.20) on Tuesday. The firm has a 50 day moving average of €56.84 and a 200-day moving average of €60.75. The firm has a market capitalization of $9.91 billion and a P/E ratio of 5.76. The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 49.38. HeidelbergCement has a 12 month low of €47.01 ($50.55) and a 12 month high of €81.04 ($87.14).

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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