Goldman Sachs Group Reiterates “€79.00” Price Target for HeidelbergCement (ETR:HEI)

Goldman Sachs Group set a €79.00 ($91.86) price objective on HeidelbergCement (ETR:HEI) in a report issued on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the basic materials company’s stock.

HEI has been the topic of a number of other research reports. Barclays set a €65.00 ($75.58) price target on HeidelbergCement and gave the company a sell rating in a research report on Monday, January 20th. Nord/LB set a €65.00 ($75.58) price target on HeidelbergCement and gave the company a neutral rating in a research report on Thursday, November 21st. UBS Group set a €74.00 ($86.05) price target on HeidelbergCement and gave the company a buy rating in a research report on Thursday. Independent Research set a €73.00 ($84.88) price target on HeidelbergCement and gave the company a neutral rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. set a €71.00 ($82.56) price objective on HeidelbergCement and gave the stock a neutral rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. HeidelbergCement currently has a consensus rating of Hold and an average target price of €75.47 ($87.75).

ETR HEI opened at €63.56 ($73.91) on Thursday. The stock’s 50-day simple moving average is €64.05 and its two-hundred day simple moving average is €64.73. HeidelbergCement has a twelve month low of €58.20 ($67.67) and a twelve month high of €73.52 ($85.49). The company has a quick ratio of 0.81, a current ratio of 1.14 and a debt-to-equity ratio of 69.28. The company has a market capitalization of $12.61 billion and a price-to-earnings ratio of 12.86.

About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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Analyst Recommendations for HeidelbergCement (ETR:HEI)

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