HeidelbergCement (OTCMKTS:HDELY) Price Target Increased to €69.00 by Analysts at Morgan Stanley

HeidelbergCement (OTCMKTS:HDELYGet Rating) had its target price raised by Morgan Stanley from €64.00 ($65.98) to €69.00 ($71.13) in a research report released on Monday morning, The Fly reports.

A number of other research analysts have also commented on HDELY. JPMorgan Chase & Co. decreased their price objective on HeidelbergCement from €59.00 ($60.82) to €56.00 ($57.73) and set a neutral rating on the stock in a report on Friday. Exane BNP Paribas downgraded HeidelbergCement from an outperform rating to a neutral rating in a research report on Tuesday, July 26th. Societe Generale downgraded HeidelbergCement from a hold rating to a sell rating in a research report on Monday. Finally, Berenberg Bank cut their target price 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $60.20.

HeidelbergCement Stock Down 1.6 %

Shares of OTCMKTS HDELY opened at $9.95 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $11.71. HeidelbergCement has a one year low of $8.83 and a one year high of $18.10.

HeidelbergCement Announces Dividend

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

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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