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Will HSBC Upgrade to Buy Be a Tailwind For HeidelbergCement (ETR:HEI) Stock Today?

HSBC Securities Analyst Rating Change HeidelbergCement ETR:HEI

HeidelbergCement (ETR:HEI) Rating Upped

In an analyst report sent to clients and investors on 12 February, investment analysts at HSBC’s research division upped Heidelbergcement (ETR:HEI)’s stock to Buy. They have a TP of EUR 89.00 on HEI or 41.61 % more upside.

The company’s rating upgrade is well received by equity trades, as ETR:HEI is now trading 3.88% higher at EUR 62.97 as of 16:33 Frankfurt time. HeidelbergCement shares have declined -16.94% in the last 200 days, while the S&P500 Index has dropped -11.49% in the same time.

ETR:HEI Price Chart & Trend

The stock price of HeidelbergCement decreased 16.94% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, HeidelbergCement is down 14.24% and down 1.12%, respectively. Our stocks momentum model is shown on the price chart below. Will HSBC Upgrade to Buy Be a Tailwind For HeidelbergCement (ETR:HEI) Stock Today?

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

HEI Stock Chart

HeidelbergCement (ETR:HEI) Profile

Heidelbergcement AG is a Germany-based company engaged in the manufacture of building materials. The Company’s main activities include the production and distribution of cement and aggregates, the two raw materials for the manufacture of concrete. Furthermore it is engaged in downstream activities, such as ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services.

HeidelbergCement (ETR:HEI) traded up 3.88% on 12 February, hitting EUR 62.97. A total of 851,107 shares of the company’s stock traded hands. This is up from average of 796,329 shares. HeidelbergCement has a 52 week low of EUR 58.70 and a 52 week high of EUR 77.18. The company has a market cap of 11.83B EUR and a P/E ratio of 13.45.

Get the latest HeidelbergCement (ETR:HEI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will HSBC Upgrade to Buy Be a Tailwind For HeidelbergCement (ETR:HEI) Stock Today? appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Will HSBC Upgrade to Buy Be a Tailwind For HeidelbergCement (ETR:HEI) Stock Today?

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