HeidelbergCement (OTCMKTS:HDELY) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of HeidelbergCement (OTCMKTS:HDELYGet Rating) in a research note published on Thursday morning, The Fly reports. The firm issued a hold rating on the construction company’s stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of HeidelbergCement from €47.00 ($47.00) to €46.00 ($46.00) and set a neutral rating on the stock in a research note on Tuesday, October 11th. Exane BNP Paribas cut shares of HeidelbergCement from a neutral rating to an underperform rating and set a €43.50 ($43.50) target price on the stock. in a research note on Tuesday, September 20th. Morgan Stanley raised their target price on shares of HeidelbergCement from €64.00 ($64.00) to €69.00 ($69.00) in a research note on Monday, August 1st. Societe Generale cut shares of HeidelbergCement from a hold rating to a sell rating in a research note on Monday, August 1st. Finally, Barclays decreased their target price on shares of HeidelbergCement from €43.00 ($43.00) to €41.00 ($41.00) and set an underweight rating on the stock in a research note on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $55.42.

HeidelbergCement Trading Up 6.6 %

Shares of OTCMKTS:HDELY opened at $9.58 on Thursday. The firm’s 50 day moving average price is $8.65 and its 200-day moving average price is $9.82. HeidelbergCement has a twelve month low of $7.49 and a twelve month high of $15.39.

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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Analyst Recommendations for HeidelbergCement (OTCMKTS:HDELY)

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