Heidelberg Materials: Analysts raise price targets - share to record course!
Heidelberg Materials: Analysts raise price targets - share to record course!
The shares of Heidelberg Materials have experienced an impressive upswing in the past trade week and continue this trend at the beginning of the new stock exchange week. The papers of the renowned building material giant get strong tailwind through positive analyst comments that strengthen trust in the future of the company. The US bank JPMorgan has raised the price target for the share from 108 to 149 euros and confirmed the classification with "Overweight". Analyst Elodie Rall is optimistic and increases her forecasts for the next two years by up to twelve percent, which she underpins with her assessment of the surgical estimates. These are now up to eleven percent above the average of market expectations. According to [jpmorgan] (https://www.deraktionaer.de/artikel/aktien/Heidelberg-masmaterchs-ein-der-groessten- 20369727.html?womort=heidelberg), the stock of Heidelberg Materials is still "one of the greatest opportunities" in the sector.
analysts are optimistic
DZ Bank also raised the price target for Heidelberg Materials. Analyst Thorsten Reigber, who previously considered the share at 117 euros to be fair, now sees a price target of 134 euros. He remains in his purchase recommendation and emphasizes that the company showed a strong performance in the third quarter. In addition, Heidelberg has pleasantly surprised Materials with the increase in the total annual forecast, which further strengthens trust in the share.
The Canadian bank RBC has also improved its assessment. Analyst Anthony Codling has increased the price target from 128 to 139 euros and continues to evaluate the DAX titles as a "outperform". He emphasizes the positive development in the recent quarterly figures and sees the announced "Transformation Accelerator" initiative as another positive aspect that underlines the attractiveness of the papers of Heidelberg Materials.
market development and outlook
The share price of Heidelberg Materials still has plenty of room for improvement. A possible correction in the coming trading days could even be considered healthy. The DAX title remains attractive due to its relatively cheap assessment. The stop course can now be added to 85.00 euros again, which is another sign of the trust in the future development of the company. In summary, it can be said that the positive analyst reviews and the latest developments at Heidelberg Materials make the share an interesting option for investors. The optimistic forecasts and strategic initiatives of the company could help the share to continue to win in the future, as well as Finanznachrichten.de.| Details | |
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| Ort | Heidelberg, Deutschland |