Heidelberg Materials (OTCMKTS:HLBZF) Shares Cross Above Fifty Day Moving Average – Here’s Why

Heidelberg Materials AG (OTCMKTS:HLBZF)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $252.85 and traded as high as $273.33. Heidelberg Materials shares last traded at $262.03, with a volume of 246 shares changing hands.

Wall Street Analysts Forecast Growth

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

Heidelberg Materials Stock Up 5.7%

The business has a 50 day moving average price of $252.85 and a two-hundred day moving average price of $239.39.

Heidelberg Materials Company Profile

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.