HeidelbergCement (ETR:HEI) PT Set at €55.00 by Jefferies Financial Group

HeidelbergCement (ETR:HEIGet Rating) has been assigned a €55.00 ($58.51) price target by equities research analysts at Jefferies Financial Group in a research note issued on Friday, Borsen Zeitung reports. Jefferies Financial Group’s price objective would suggest a potential upside of 2.04% from the company’s previous close.

A number of other brokerages have also recently issued reports on HEI. Barclays set a €50.00 ($53.19) target price on HeidelbergCement in a report on Friday. Berenberg Bank set a €70.00 ($74.47) price objective on shares of HeidelbergCement in a report on Wednesday. Credit Suisse Group set a €59.00 ($62.77) target price on shares of HeidelbergCement in a research report on Wednesday, April 20th. JPMorgan Chase & Co. set a €59.00 ($62.77) target price on shares of HeidelbergCement in a research report on Wednesday. Finally, UBS Group set a €87.00 ($92.55) price target on shares of HeidelbergCement in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of €68.18 ($72.53).

Shares of ETR HEI traded up €1.36 ($1.45) during midday trading on Friday, reaching €53.90 ($57.34). 487,008 shares of the company were exchanged, compared to its average volume of 712,290. HeidelbergCement has a one year low of €47.01 ($50.01) and a one year high of €76.98 ($81.89). The stock has a market cap of $10.41 billion and a P/E ratio of 6.05. The company has a quick ratio of 0.75, a current ratio of 1.16 and a debt-to-equity ratio of 49.38. The stock’s 50-day moving average price is €53.19 and its 200-day moving average price is €58.58.

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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