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DZ-Bank AG Ups HOCHTIEF (ETR:HOT) Rating to “Buy”


HOCHTIEF (ETR:HOT) Rating Change

DZ-Bank AG gave Hochtief (ETR:HOT) shares a new “Buy” rating in a note published on Friday, 26 February.

Despite the rating upgrade ETR:HOT is right now trading -0.71% lower at EUR 96.25 as of 21:35 Frankfurt time. HOCHTIEF’s stock is up 36.38% over the past 200 days. It has outperformed the Standard & Poor’s 500 index, which has dropped -7.20% over the same time.

Out of 16 brokers covering HOCHTIEF, 7 rate it a Buy, 11 indicate a Hold while 0 suggest a Sell. The highest target is EUR 120.25 and the lowest is EUR 84.18 according to Thomson/First Call. The 12-month mean target is EUR 97.46, which means upside potential of 1.26% over the current price.

ETR:HOT Price Chart & Trend

The stock price of HOCHTIEF has risen 36.38% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, HOCHTIEF is up 11.17% and up 15.29%, respectively. Our stocks momentum model is shown on the price chart below. DZ-Bank AG Ups HOCHTIEF (ETR:HOT) Rating to "Buy"

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

HOT Stock Chart


Hochtief AG is a Germany-based holding company engaged in the construction industry. Through its subsidiaries, Hochtief delivers construction and civil engineering projects for the transportation, energy and urban infrastructure industries, and the mining industry. It operates three business divisions: Hochtief Americas coordinates construction activities in the United States, Canada and Brazil; Hochtief Asia Pacific covers construction activities in Asia and Australia involving building, infrastructure and contract mining projects; and Hochtief Europe conducts construction projects in Europe and select regions worldwide involving real estate and transport infrastructure, such as tunnels, bridges, airports, marine ports and sports stadiums.

HOCHTIEF (ETR:HOT) traded down -0.71% on 26 February, hitting EUR 96.25. A total of 277,560 shares of the company’s stock traded hands. This is up from average of 151,835 shares. HOCHTIEF has a 52 week low of EUR 64.35 and a 52 week high of EUR 99.51. The company has a market cap of 6.67 billion EUR and a P/E ratio of 30.92.

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

The post DZ-Bank AG Ups HOCHTIEF (ETR:HOT) Rating to “Buy” 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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DZ-Bank AG Ups HOCHTIEF (ETR:HOT) Rating to “Buy”


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