UBS Group Analysts Give HeidelbergCement (ETR:HEI) a €87.00 Price Target

HeidelbergCement (ETR:HEIGet Rating) received a €87.00 ($92.55) target price from equities research analysts at UBS Group in a report issued on Wednesday, Borsen Zeitung reports. UBS Group’s price objective suggests a potential upside of 65.59% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank set a €70.00 ($74.47) target price on shares of HeidelbergCement in a report on Wednesday. The Goldman Sachs Group set a €56.00 ($59.57) price target on shares of HeidelbergCement in a research report on Thursday, May 12th. Morgan Stanley set a €68.00 ($72.34) price target on shares of HeidelbergCement in a research report on Tuesday, March 15th. Barclays set a €50.00 ($53.19) price target on shares of HeidelbergCement in a research report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. set a €59.00 ($62.77) price target on shares of HeidelbergCement in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, HeidelbergCement currently has a consensus rating of “Buy” and an average target price of €68.18 ($72.53).

HEI stock traded down €0.08 ($0.09) on Wednesday, hitting €52.54 ($55.89). The company had a trading volume of 759,002 shares, compared to its average volume of 712,290. HeidelbergCement has a 12-month low of €47.01 ($50.01) and a 12-month high of €76.98 ($81.89). The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 49.38. The stock’s 50-day simple moving average is €53.41 and its 200 day simple moving average is €58.76. The stock has a market cap of $10.15 billion and a price-to-earnings ratio of 5.89.

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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