HeidelbergCement (OTCMKTS:HDELY) Price Target Cut to €43.00 by Analysts at Barclays

HeidelbergCement (OTCMKTS:HDELYGet Rating) had its price objective lowered by Barclays from €44.00 ($45.36) to €43.00 ($44.33) in a report published on Monday, The Fly reports.

A number of other equities research analysts have also issued reports on HDELY. Societe Generale lowered HeidelbergCement from a hold rating to a sell rating in a research note on Monday. Exane BNP Paribas lowered HeidelbergCement from an outperform rating to a neutral rating in a research report on Tuesday, July 26th. Berenberg Bank cut their price objective on HeidelbergCement from €70.00 ($72.16) to €65.00 ($67.01) and set a buy rating for the company in a research report on Friday, June 10th. JPMorgan Chase & Co. cut their price objective on HeidelbergCement from €59.00 ($60.82) to €56.00 ($57.73) and set a neutral rating for the company in a research report on Friday. Finally, Morgan Stanley raised their price objective on HeidelbergCement from €64.00 ($65.98) to €69.00 ($71.13) in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $60.20.

HeidelbergCement Trading Down 1.6 %

Shares of HDELY stock opened at $9.95 on Monday. HeidelbergCement has a 52-week low of $8.83 and a 52-week high of $18.10. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $11.71.

HeidelbergCement Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 16th were issued a $0.3371 dividend. This represents a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, May 13th.

HeidelbergCement Company Profile

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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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