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Joh. Berenberg Gossler & Co. KG disclosed HeidelbergCement (ETR:HEI), hiking its price target to 75.00EUR earlier today

Reporting as potential downside of -0.08%, Joh. Berenberg Gossler & Co. KG upped the price target of HeidelbergCement (ETR:HEI) to 75.00EUR

On Wednesday September 21, 2016, Joh. Berenberg Gossler & Co. KG released a statement on HeidelbergCement (ETR:HEI) upped the target price from 0.00EUR to 75.00EUR that suggested a downside of -0.08%.

Having a price of 81.58EUR, HeidelbergCement (ETR:HEI) traded -0.25% lower on the day. With the last close up 6.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. HEI has recorded a 50-day average of 70.18EUR and a two hundred day average of 65.10EUR. Trade Volume was down over the average, with 75,595 shares of HEI changing hands under the typical 202,016

Recent Performance Chart

HeidelbergCement (ETR:HEI)

With a total market value of 0 EUR, HeidelbergCement has price-earnings ratio of 31.23 with a one year low of 47.24EUR and a one year high of 75.01EUR .

A total of 1 equity analyst has released a ratings update on HeidelbergCement. Two brokers rating the stock a strong buy, four brokerages rating the company a buy, 2 firms rating the company a hold, zero equity analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month target price of 58.00EUR.

General Information 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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