HeidelbergCement (OTCMKTS:HDELY) Cut to Hold at HSBC

HeidelbergCement (OTCMKTS:HDELYGet Rating) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

A number of other equities analysts also recently weighed in on the company. Barclays reduced their price target on HeidelbergCement from €44.00 ($44.90) to €43.00 ($43.88) in a research report on Monday, August 1st. Exane BNP Paribas cut HeidelbergCement from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 26th. Morgan Stanley lifted their price target on HeidelbergCement from €64.00 ($65.31) to €69.00 ($70.41) in a research note on Monday, August 1st. Societe Generale lowered HeidelbergCement from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. cut their price target on HeidelbergCement from €59.00 ($60.20) to €56.00 ($57.14) and set a “neutral” rating on the stock in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, HeidelbergCement presently has a consensus rating of “Hold” and an average target price of $60.20.

HeidelbergCement Price Performance

Shares of HDELY opened at $9.03 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. The stock has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $10.79. HeidelbergCement has a 52-week low of $8.68 and a 52-week high of $16.56.

HeidelbergCement Company Profile

(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.

See Also

The Fly logo

Analyst Recommendations for HeidelbergCement (OTCMKTS:HDELY)

Receive News & Ratings for HeidelbergCement Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HeidelbergCement and related companies with MarketBeat.com's FREE daily email newsletter.