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HeidelbergCement (ETR:HEI) target price raised to 75.00EUR, reported today by Joh. Berenberg Gossler & Co. KG

HeidelbergCement (ETR:HEI) had its target price raised to 75.00EUR by Joh. Berenberg Gossler & Co. KG in an issued report issued 09/21/2016. The bumped up target suggests a potential downside of -0.08% based on the company's previous stock price.

Previously on Tuesday September 20, 2016, HSBC released a statement about HeidelbergCement (ETR:HEI) increased the target price from 0.00EUR to 89.00EUR. At the time, this indicated a possible upside of 0.10%.

Just yesterday HeidelbergCement (ETR:HEI) traded 0.80% higher at 81.58EUR. The company’s 50-day moving average is 70.24EUR and its 200-day moving average is 65.00EUR. The last stock close price is up 5.20% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 184,448 shares of HEI changing hands under the typical 201,520

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HeidelbergCement (ETR:HEI)

HeidelbergCement has a 52 week low of 47.24EUR and a 52 week high of 75.01EUR with a PE ratio of 30.94 HEI’s total market value is presently 0 EUR.

A total of 1 broker has reported on the company. Two equity analysts rating the company a strong buy, four analysts rating the company a buy, two equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the company a sell with a 12-month price target of 58.00EUR.

General Company Details For 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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