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HeidelbergCement (ETR:HEI) target price raised to 75.00EUR, issued a report today by Commerzbank AG

HeidelbergCement (ETR:HEI) had its target price raised to 75.00EUR by Commerzbank AG in a report released Thursday December 01, 2016. The new target price indicates a possible downside of -0.10% based on the company's last stock close price.

Previously on 11/30/2016, Commerzbank AG reported about HeidelbergCement (ETR:HEI) raised the target price from 0.00EUR to 75.00EUR. At the time, this indicated a possible downside of -0.11%.

Yesterday HeidelbergCement (ETR:HEI) traded -0.66% lower at 83.73EUR. The company’s 50-day moving average is 70.60EUR and its 200-day moving average is 68.50EUR. The last stock close price is up 14.59% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 126,561 shares of the stock were exchanged, down from an average trading volume of 152,452

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HeidelbergCement (ETR:HEI)

HeidelbergCement has a 52 week low of 47.86EUR and a 52 week high of 80.19EUR with a P/E ratio of 35.52 The company’s market cap is currently 0 EUR.

In addition to Commerzbank AG reporting its target price, a total of 1 broker has issued a report on the stock. The consensus price target is 58.00EUR with two brokerages rating the company a strong buy, four equity analysts rating the company a buy, two equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero 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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