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HSBC disclosed HeidelbergCement (ETR:HEI), upping its stock price target to 90.00EUR today

Only yesterday HeidelbergCement (ETR:HEI) traded -1.60% lower at 84.06EUR. HeidelbergCement’s 50-day moving average is 69.31EUR and its 200-day moving average is 65.84EUR. With the last stock price up 1.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 243,559 shares of the stock were exchanged, up from an average trading volume of 176,871

In a report issued 10/06/2016 HSBC upped the price target of HeidelbergCement (ETR:HEI) to 90.00EUR reporting a potential upside of 0.07%.

Previously on 10/05/2016, HSBC reported about HeidelbergCement (ETR:HEI) raised the target price from 0.00EUR to 90.00EUR. At the time, this indicated a possible upside of 0.07%.

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HeidelbergCement (ETR:HEI)

HeidelbergCement has a PE ratio of 30.35 with a one year low of 47.86EUR and a one year high of 75.01EUR HeidelbergCement’s market capitalization is presently 0 EUR.

A total of 1 equity analyst has released a research note on HEI. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 58.00EUR.

More 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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