HeidelbergCement (ETR:HEI – Get Rating) has been assigned a €43.00 ($43.88) target price by Barclays in a note issued to investors on Monday, Borsen Zeitung reports. Barclays‘s price objective would suggest a potential downside of 16.76% from the company’s previous close.
Several other brokerages have also recently weighed in on HEI. The Goldman Sachs Group set a €36.00 ($36.73) price objective on shares of HeidelbergCement in a research note on Thursday, November 3rd. UBS Group set a €67.00 ($68.37) target price on shares of HeidelbergCement in a report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft set a €50.00 ($51.02) target price on shares of HeidelbergCement in a report on Monday, November 7th. JPMorgan Chase & Co. set a €44.00 ($44.90) target price on shares of HeidelbergCement in a report on Tuesday, November 8th. Finally, Berenberg Bank set a €60.00 ($61.22) target price on shares of HeidelbergCement in a report on Friday, November 4th.
HeidelbergCement Price Performance
HEI opened at €51.66 ($52.71) on Monday. The company has a debt-to-equity ratio of 50.38, a quick ratio of 0.66 and a current ratio of 1.06. The stock has a market capitalization of $9.98 billion and a P/E ratio of 6.35. The company’s 50-day simple moving average is €45.13 and its two-hundred day simple moving average is €47.94. HeidelbergCement has a 52-week low of €38.73 ($39.52) and a 52-week high of €68.08 ($69.47).
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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