A statement released earlier today by Commerzbank AG about HeidelbergCement (ETR:HEI) raises the target price to 75.00EUR
- Updated: November 29, 2016
HeidelbergCement (ETR:HEI) had its target price raised to 75.00EUR by Commerzbank AG in a report released Tuesday November 29, 2016. The new target price indicates a possible downside of -0.11% based on the company's last stock close price.
Previously on 11/28/2016, Norddeutsche Landesbank reported about HeidelbergCement (ETR:HEI) raised the target price from 0.00EUR to 80.00EUR. At the time, this indicated a possible downside of -0.05%.
Yesterday HeidelbergCement (ETR:HEI) traded -0.94% lower at 84.04EUR. The company’s 50-day moving average is 70.27EUR and its 200-day moving average is 68.38EUR. The last stock close price is up 15.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 171,419 shares of the stock were exchanged, up from an average trading volume of 153,453
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HeidelbergCement has a 52 week low of 47.86EUR and a 52 week high of 80.19EUR with a P/E ratio of 35.76 The company’s market cap is currently 0 EUR.
In addition to Commerzbank AG reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is 58.00EUR with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About HeidelbergCement (ETR:HEI)
Heidelbergcement AG is a Germany-based building materials company. Its products are used for the construction of houses, infrastructure and commercial and industrial facilities. The Company operates through for segments: Cements, Aggregates, Ready-Mixed Concrete-Asphalt and Service- Joint Ventures – Other. The Cements segment and the Aggregates segment focus on raw materials for concrete, namely cement and aggregates, such as sand, gravel and crushed rock. The Ready-Mixed Concrete-Asphalt segment includes the Company's ready-mixed concrete and asphalt activities. The Service- Joint Ventures – Other segment comprises activities of the Company's joint ventures, including trading activities, among others.
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