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Commerzbank AG Increases Heidelberger Druckmaschinen (ETR:HDD) Rating to Buy and kept EUR 2.25 TP

London Heidelberger Druckmaschinen ETR:HDD

Heidelberger Druckmaschinen (ETR:HDD) Rating Increased

Commerzbank AG raised the shares of Heidelberger Druckmaschinen (ETR:HDD) to Buy rating in an analyst note revealed to investors and clients on Friday morning. The financial company from today has EUR 2.25 PT on the stock.

According to data compiled by Thomson Reuters, Heidelberger Druckmaschinen (ETR:HDD)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is EUR 3.03, which reflects an upside potential of 53.03% over the current price.

ETR:HDD Price Chart & Trend

The stock price of Heidelberger Druckmaschinen went down 4.02% over the last 200 days, and is in very weak down trend. In the last 50 and 100 days, Heidelberger Druckmaschinen is up 5.48% and down 10.43%, respectively. Our stocks momentum model is shown on the price chart below. Commerzbank AG Increases Heidelberger Druckmaschinen (ETR:HDD) Rating to Buy and kept EUR 2.25 TP

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

HDD Stock Chart

Heidelberger Druckmaschinen (ETR:HDD) Profile

Heidelberger Druckmaschinen AG is a Germany-based company that develops, produces and distributes technology for commercial and packaging printing. It has three segments: Heidelberg Equipment, comprising new machinery business; Heidelberg Services, entailing services, consumables, spare parts and remarketed equipment business, and Heidelberg Financial Services, including sales financing businesses. Within the business segments the Company is divided into three business areas: the Sheetfed Business Area, containing finishing machinery for packaging printing in addition to sheetfed offset printing presses for small, medium and large format classes; the Consumables and Computer-to-plate (CTP) business area, where it bundles consumables and prepress equipment, and the Service and Service Parts business area, that supplies service parts to customers in addition to printing press maintenance.

Heidelberger Druckmaschinen (ETR:HDD) traded down -0.30% on 1 April, hitting EUR 1.98. A total of 1.02M shares of the company’s stock traded hands. This is down from average of 1.21M shares. Heidelberger Druckmaschinen has a 52 week low of EUR 1.60 and a 52 week high of EUR 2.81. The company has a market cap of 510.50M EUR and a P/E ratio of 35.1.

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

The post Commerzbank AG Increases Heidelberger Druckmaschinen (ETR:HDD) Rating to Buy and kept EUR 2.25 TP 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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Commerzbank AG Increases Heidelberger Druckmaschinen (ETR:HDD) Rating to Buy and kept EUR 2.25 TP

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