HeidelbergCement (OTCMKTS:HDELY) Downgraded by Exane BNP Paribas - MarketBeat

2022-09-24 02:48:41 By : Ms. Lidan Bu

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HeidelbergCement (OTCMKTS:HDELY - Get Rating) was downgraded by Exane BNP Paribas from a "neutral" rating to an "underperform" rating in a research report issued to clients and investors on Tuesday, The Fly reports. They currently have a €43.50 ($44.39) target price on the construction company's stock.

Other analysts also recently issued research reports about the company. HSBC downgraded HeidelbergCement from a "buy" rating to a "hold" rating in a research note on Friday, September 9th. Barclays lowered their price target on HeidelbergCement from €44.00 ($44.90) to €43.00 ($43.88) in a research report on Monday, August 1st. Morgan Stanley increased their price target on HeidelbergCement from €64.00 ($65.31) to €69.00 ($70.41) in a research report on Monday, August 1st. Societe Generale downgraded HeidelbergCement from a "hold" rating to a "sell" rating in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. lowered their price target on HeidelbergCement from €56.00 ($57.14) to €47.00 ($47.96) and set a "neutral" rating on the stock in a research report on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $55.92.HeidelbergCement Trading Up 0.6 %

Shares of HDELY opened at $9.11 on Tuesday. HeidelbergCement has a 52 week low of $8.68 and a 52 week high of $15.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.16. The stock's 50-day moving average price is $9.59 and its 200-day moving average price is $10.59. 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.Featured StoriesGet a free copy of the StockNews.com research report on HeidelbergCement (HDELY)Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity? Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight

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