HeidelbergCement (OTCMKTS:HDELY) PT Lowered to €47.00

HeidelbergCement (OTCMKTS:HDELYGet Rating) had its price objective lowered by JPMorgan Chase & Co. from €56.00 ($57.14) to €47.00 ($47.96) in a report issued on Tuesday morning, The Fly reports. The firm currently has a neutral rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Berenberg Bank lowered their target price on HeidelbergCement from €70.00 ($71.43) to €65.00 ($66.33) and set a buy rating on the stock in a research report on Friday, June 10th. HSBC cut HeidelbergCement from a buy rating to a hold rating in a research report on Friday, September 9th. Societe Generale cut HeidelbergCement from a hold rating to a sell rating in a research report on Monday, August 1st. Exane BNP Paribas lowered HeidelbergCement from an outperform rating to a neutral rating in a research note on Tuesday, July 26th. Finally, Barclays decreased their price target on HeidelbergCement from €44.00 ($44.90) to €43.00 ($43.88) in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $58.40.

HeidelbergCement Price Performance

HDELY opened at $9.17 on Tuesday. HeidelbergCement has a 12 month low of $8.68 and a 12 month high of $16.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.16. The stock’s 50 day moving average price is $9.60 and its 200 day moving average price is $10.69.

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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