HeidelbergCement (OTCMKTS:HDELY) PT Lowered to €59.00

HeidelbergCement (OTCMKTS:HDELYGet Rating) had its price objective decreased by JPMorgan Chase & Co. from €60.00 ($63.16) to €59.00 ($62.11) in a report published on Thursday morning, The Fly reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut HeidelbergCement from a hold rating to a sell rating in a report on Wednesday, April 27th. Credit Suisse Group decreased their price objective on HeidelbergCement from €74.00 ($77.89) to €68.00 ($71.58) in a report on Thursday, March 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $61.00.

Shares of OTCMKTS HDELY traded down $0.53 during mid-day trading on Thursday, reaching $10.72. 99,939 shares of the company were exchanged, compared to its average volume of 158,989. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.16. The company’s 50-day simple moving average is $11.60 and its 200-day simple moving average is $13.26. HeidelbergCement has a twelve month low of $10.52 and a twelve month high of $18.67.

The business also recently announced a dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be issued a dividend of $0.3371 per share. This represents a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, May 13th.

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, 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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