Posted by admin on Jun 18th, 2022
Shares of HeidelbergCement AG (OTCMKTS:HDELY – Get Rating) have been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $63.00.
Several analysts have issued reports on HDELY shares. Credit Suisse Group lowered their target price on shares of HeidelbergCement from €74.00 ($77.08) to €68.00 ($70.83) in a research note on Thursday, March 17th. Morgan Stanley lowered their target price on shares of HeidelbergCement from €68.00 ($70.83) to €67.00 ($69.79) and set an “equal weight” rating on the stock in a research note on Friday, May 13th. Berenberg Bank decreased their price target on shares of HeidelbergCement from €70.00 ($72.92) to €65.00 ($67.71) and set a “buy” rating on the stock in a report on Friday, June 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of HeidelbergCement from €60.00 ($62.50) to €59.00 ($61.46) and set a “neutral” rating on the stock in a report on Thursday, May 12th.
OTCMKTS HDELY opened at $10.40 on Friday. HeidelbergCement has a 1 year low of $10.21 and a 1 year high of $18.10. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The company’s 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $12.59.
The firm also recently announced a dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 16th were issued a dividend of $0.3371 per share. This represents a dividend 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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