HeidelbergCement (ETR:HEI) PT Set at €60.00 by UBS Group

UBS Group set a €60.00 ($67.42) price objective on HeidelbergCement (ETR:HEI) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other research analysts have also issued research reports about the stock. Barclays set a €45.00 ($50.56) price objective on shares of HeidelbergCement and gave the stock a sell rating in a research note on Tuesday, May 19th. Oddo Bhf set a €40.00 ($44.94) price objective on shares of HeidelbergCement and gave the stock a sell rating in a research note on Wednesday, April 8th. Kepler Capital Markets set a €73.00 ($82.02) price objective on shares of HeidelbergCement and gave the stock a neutral rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. set a €43.00 ($48.31) price objective on shares of HeidelbergCement and gave the stock a sell rating in a research note on Thursday, July 2nd. Finally, Independent Research set a €44.00 ($49.44) price target on shares of HeidelbergCement and gave the company a neutral rating in a research note on Friday, March 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of €60.79 ($68.30).

HeidelbergCement stock opened at €49.33 ($55.43) on Tuesday. The company’s 50 day simple moving average is €46.90 and its 200 day simple moving average is €50.82. HeidelbergCement has a fifty-two week low of €29.00 ($32.58) and a fifty-two week high of €70.38 ($79.08). The firm has a market capitalization of $9.31 billion and a price-to-earnings ratio of 8.54. The company has a debt-to-equity ratio of 65.00, a current ratio of 1.13 and a quick ratio of 0.77.

About HeidelbergCement

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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