Heidelberg Materials (OTCMKTS:HLBZF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Heidelberg Materials AG (OTCMKTS:HLBZF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $248.97 and traded as high as $272.89. Heidelberg Materials shares last traded at $254.95, with a volume of 106 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLBZF shares. Morgan Stanley cut Heidelberg Materials to an “underweight” rating in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Heidelberg Materials in a research note on Monday, December 8th. Royal Bank Of Canada lowered shares of Heidelberg Materials from an “outperform” rating to a “sector perform” rating in a research note on Monday, December 8th. Barclays upgraded Heidelberg Materials to an “overweight” rating in a research report on Monday, November 17th. Finally, UBS Group upgraded Heidelberg Materials to a “buy” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Heidelberg Materials currently has an average rating of “Hold”.

Heidelberg Materials Stock Up 0.1%

The business’s 50 day moving average price is $248.97 and its two-hundred day moving average price is $236.99.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HLBZF) is a global building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement, the company develops, manufactures and markets a comprehensive range of construction materials. Its core product lines include cement, aggregates, ready-mix concrete and asphalt, complemented by performance materials such as mineral components, industrial fillers and admixtures.

In addition to commodity building products, Heidelberg Materials offers tailored solutions encompassing technical consulting, digital construction platforms and CO₂ management services.