HeidelbergCement AG (OTCMKTS:HDELY) Receives Consensus Rating of "Hold" from Analysts | MarketBeat

2022-08-08 06:12:36 By : Ms. Angela Huto

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HeidelbergCement AG (OTCMKTS:HDELY - Get Rating) has received a consensus recommendation of "Hold" from the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $60.20.

A number of research analysts have recently weighed in on the stock. Berenberg Bank reduced their target price on shares of HeidelbergCement from €70.00 ($72.16) to €65.00 ($67.01) and set a "buy" rating for the company in a research report on Friday, June 10th. Exane BNP Paribas downgraded shares of HeidelbergCement from an "outperform" rating to a "neutral" rating in a research report on Tuesday, July 26th. Societe Generale downgraded shares of HeidelbergCement from a "hold" rating to a "sell" rating in a research report on Monday, August 1st. JPMorgan Chase & Co. cut their price objective on shares of HeidelbergCement from €59.00 ($60.82) to €56.00 ($57.73) and set a "neutral" rating for the company in a report on Friday, July 29th. Finally, Morgan Stanley raised their price objective on shares of HeidelbergCement from €64.00 ($65.98) to €69.00 ($71.13) in a report on Monday, August 1st.HeidelbergCement Stock Performance

OTCMKTS:HDELY opened at $10.36 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. HeidelbergCement has a 52 week low of $8.83 and a 52 week high of $18.10. The firm has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $11.60. HeidelbergCement Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th were issued a $0.3371 dividend. The ex-dividend date was Friday, May 13th. This represents a yield of 3.14%. About HeidelbergCement (Get Rating)

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components.Recommended StoriesGet a free copy of the StockNews.com research report on HeidelbergCement (HDELY)MarketBeat: Week in Review 8/1 - 8/5How to Use High Beta Stocks to Maximize Your Investing ProfitsCronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's Cheap

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