Heidelberg Materials (OTCMKTS:HDELY) Rating Increased to Overweight at Morgan Stanley

Heidelberg Materials (OTCMKTS:HDELY) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, Briefing.com reports.

Separately, HSBC upgraded shares of Heidelberg Materials from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Heidelberg Materials presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Heidelberg Materials Price Performance

Shares of OTCMKTS HDELY opened at $14.76 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.78 and a current ratio of 1.18. Heidelberg Materials has a 12-month low of $10.11 and a 12-month high of $16.99. The firm’s 50-day moving average price is $15.09 and its 200-day moving average price is $15.49.

Heidelberg Materials Company Profile

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.