HeidelbergCement (ETR:HEI) Given a €65.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €65.00 ($66.33) price target on HeidelbergCement (ETR:HEIGet Rating) in a report released on Thursday, Borsen Zeitung reports.

A number of other research firms also recently issued reports on HEI. Oddo Bhf set a €45.00 ($45.92) price objective on shares of HeidelbergCement in a research note on Wednesday, July 6th. Morgan Stanley set a €64.00 ($65.31) price objective on shares of HeidelbergCement in a research note on Wednesday, July 13th. Barclays set a €43.00 ($43.88) price objective on shares of HeidelbergCement in a research note on Friday, July 29th. Credit Suisse Group set a €55.00 ($56.12) target price on shares of HeidelbergCement in a research note on Wednesday, July 13th. Finally, The Goldman Sachs Group set a €51.00 ($52.04) target price on shares of HeidelbergCement in a research note on Tuesday.

HeidelbergCement Stock Performance

Shares of ETR:HEI opened at €41.89 ($42.74) on Thursday. The firm has a market cap of $8.09 billion and a PE ratio of 5.36. The firm’s 50 day simple moving average is €47.65 and its 200-day simple moving average is €50.60. HeidelbergCement has a one year low of €41.70 ($42.55) and a one year high of €68.08 ($69.47). The company has a debt-to-equity ratio of 50.38, a quick ratio of 0.66 and a current ratio of 1.06.

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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