Posted by admin on Jul 31st, 2022
HeidelbergCement (OTCMKTS:HDELY – Get Rating) had its price objective dropped by analysts at JPMorgan Chase & Co. from €59.00 ($60.20) to €56.00 ($57.14) in a report released on Friday, The Fly reports. The firm presently has a “neutral” rating on the construction company’s stock.
A number of other equities research analysts have also weighed in on the company. Morgan Stanley cut their price objective on HeidelbergCement from €68.00 ($69.39) to €67.00 ($68.37) and set an “equal weight” rating on the stock in a research report on Friday, May 13th. Exane BNP Paribas lowered HeidelbergCement from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 26th. Finally, Berenberg Bank dropped their price target on HeidelbergCement from €70.00 ($71.43) to €65.00 ($66.33) and set a “buy” rating on the stock in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, HeidelbergCement has a consensus rating of “Hold” and a consensus target price of $62.40.
Shares of HDELY stock opened at $10.11 on Friday. HeidelbergCement has a fifty-two week low of $8.83 and a fifty-two week high of $18.10. The business’s 50 day moving average price is $10.31 and its 200-day moving average price is $11.76. 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 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.
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