Barclays Reiterates €50.00 Price Target for HeidelbergCement (ETR:HEI)

HeidelbergCement (ETR:HEIGet Rating) has been given a €50.00 ($52.63) target price by stock analysts at Barclays in a report issued on Thursday, Borsen Zeitung reports. Barclays‘s price target indicates a potential downside of 8.63% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group set a €55.00 ($57.89) price objective on HeidelbergCement in a research report on Wednesday. JPMorgan Chase & Co. set a €59.00 ($62.11) price objective on HeidelbergCement in a research report on Wednesday. Credit Suisse Group set a €59.00 ($62.11) price objective on HeidelbergCement in a research report on Wednesday, April 20th. UBS Group set a €87.00 ($91.58) price target on HeidelbergCement in a research report on Monday, April 11th. Finally, Berenberg Bank set a €72.00 ($75.79) price target on HeidelbergCement in a research report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of €68.36 ($71.96).

HEI stock opened at €54.72 ($57.60) on Thursday. The stock’s fifty day simple moving average is €53.76 and its two-hundred day simple moving average is €59.54. 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 1-year low of €47.01 ($49.48) and a 1-year high of €76.98 ($81.03). The stock has a market cap of $10.57 billion and a P/E ratio of 6.14.

HeidelbergCement Company Profile (Get Rating)

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, 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 to produce precast concrete parts consisting of stairs, ceiling elements, or structural components.

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