HeidelbergCement (ETR:HEI) has been upgraded to Buy in a report by DZ BANK today.
- Updated: September 29, 2016
DZ BANK has upgraded HeidelbergCement (ETR:HEI) to Buy in a report released on 9/29/2016.
On Wednesday September 28, 2016, Bankhaus Lampe KG released a statement on HeidelbergCement (ETR:HEI) bumped up the target price from 0.00EUR to 106.00EUR. At the time, this indicated a possible upside of 0.28%.
Just yesterday HeidelbergCement (ETR:HEI) traded -0.58% lower at 83.64EUR. The company’s 50-day moving average is 70.06EUR and its two hundred day average is 65.40EUR. The last stock price close is up 5.13% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trading volume was down over the average, with 154,652 shares of HEI changing hands under the typical 175,116
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HeidelbergCement has a P/E ratio of 31.11 with a 52 week low of 47.51EUR and a 52 week high of 75.01EUR The company’s market cap is currently 0 EUR.
Also covering HeidelbergCement's price target, a total of 1 broker has issued a research note on the stock. The consensus target price is 58.00EUR with 2 equity analysts rating the company a strong buy, four brokerages rating the stock a buy, two analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
About HeidelbergCement (ETR:HEI)
Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company's main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services. The Company's products are classified into four business lines: Cement, which includes standard cements, specialty cements, masonry cements, and specific binders, such as tailor-made ready-mixed cement products; Aggregates, used as raw material for ready mixed concrete and concrete products; Concrete, which includes ready-mixed concrete, ready-mixed mortar and concrete products, and Building Products, such as limestone and lime products, sand-lime bricks and specialty products and services.
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