Posted by admin on Jul 27th, 2022
Exane BNP Paribas lowered shares of HeidelbergCement (OTCMKTS:HDELY – Get Rating) from an outperform rating to a neutral rating in a research note issued to investors on Tuesday morning, The Fly reports.
HDELY has been the topic of several other research reports. Berenberg Bank decreased their target price on HeidelbergCement from €70.00 ($71.43) to €65.00 ($66.33) and set a buy rating on the stock in a report on Friday, June 10th. JPMorgan Chase & Co. decreased their price target on HeidelbergCement from €60.00 ($61.22) to €59.00 ($60.20) and set a neutral rating on the stock in a report on Thursday, May 12th. Finally, Morgan Stanley decreased their price target on HeidelbergCement from €68.00 ($69.39) to €67.00 ($68.37) and set an equal weight rating on the stock in a report on Friday, May 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, HeidelbergCement has a consensus rating of Hold and a consensus price target of $63.00.
Shares of HDELY stock opened at $9.47 on Tuesday. The stock’s fifty day moving average is $10.37 and its 200-day moving average is $11.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.16. HeidelbergCement has a 52 week low of $8.83 and a 52 week high of $18.10.
The business also recently announced a dividend, which was paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th were issued a dividend of $0.3371 per share. This represents a yield of 3.14%. The ex-dividend date was Friday, May 13th.
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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