HeidelbergCement AG (OTCMKTS:HDELY) Receives Average Rating of “Hold” from Brokerages

HeidelbergCement AG (OTCMKTS:HDELY – Get Rating) has received a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $52.50.

Several equities analysts have weighed in on the stock. HSBC raised shares of HeidelbergCement from a “hold” rating to a “buy” rating in a report on Monday, January 30th. Jefferies Financial Group upgraded HeidelbergCement from a “hold” rating to a “buy” rating in a research report on Monday, March 27th. Societe Generale raised shares of HeidelbergCement from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, The Goldman Sachs Group raised shares of HeidelbergCement from a “sell” rating to a “buy” rating in a report on Friday, April 14th.

HeidelbergCement Price Performance

Shares of OTCMKTS:HDELY opened at $15.36 on Tuesday. HeidelbergCement has a 52-week low of $7.49 and a 52-week high of $15.52. The stock’s 50-day simple moving average is $14.34 and its two-hundred day simple moving average is $12.58.

HeidelbergCement Company Profile

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HeidelbergCement AG engages in the production and distribution of cement, aggregates, ready-mixed concrete, and asphalt. It operates through the following geographical segments: Western and Southern Europe; Northern and Eastern Europe-Central Asia; North America; Asia-Pacific; Africa-Eastern Mediterranean Basin, and Group Services.