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

HeidelbergCement (ETR:HEIGet Rating) has been given a €50.00 ($53.19) target price by Barclays in a note issued to investors on Friday, Borsen Zeitung reports. Barclays‘s price objective suggests a potential downside of 7.24% from the stock’s previous close.

Several other brokerages have also recently issued reports on HEI. JPMorgan Chase & Co. set a €59.00 ($62.77) price objective on HeidelbergCement in a research note on Wednesday. The Goldman Sachs Group set a €56.00 ($59.57) price objective on HeidelbergCement in a research note on Wednesday. Credit Suisse Group set a €59.00 ($62.77) price objective on HeidelbergCement in a research note on Wednesday, April 20th. Jefferies Financial Group set a €55.00 ($58.51) price target on HeidelbergCement in a research note on Wednesday, May 11th. Finally, Berenberg Bank set a €70.00 ($74.47) price target on HeidelbergCement in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of €68.18 ($72.53).

Shares of ETR HEI traded up €1.36 ($1.45) during mid-day trading on Friday, hitting €53.90 ($57.34). The company had a trading volume of 487,008 shares, compared to its average volume of 712,290. The company has a market capitalization of $10.41 billion and a PE ratio of 6.05. The company has a debt-to-equity ratio of 49.38, a current ratio of 1.16 and a quick ratio of 0.75. HeidelbergCement has a 1-year low of €47.01 ($50.01) and a 1-year high of €76.98 ($81.89). The business’s 50-day simple moving average is €53.19 and its 200 day simple moving average is €58.58.

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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