Analyst Upgrades and Downgrades
Jefferies analyst Glynis Johnson has maintained a Buy rating on Heidelberg Materials (0MG2), setting a price target of €145.50. This is the latest development in the ongoing saga of upgrades and downgrades for the company’s stock.
Recent Price Action
As of last Monday, the shares closed at €119.38. The market capitalization of 0MG2 is currently €21.72B, with a P/E ratio of 12.28.
Insider Sentiment
Based on recent corporate insider activity, the sentiment towards the stock has turned negative. Over the past quarter, there has been an increase in insiders selling their shares, indicating that the trend may be unfavorable for investors.
Company Description
Heidelberg Materials is one of the world’s largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities.
Analyst Rationale
Although the article does not provide explicit details on Johnson’s reasoning for maintaining a Buy rating, her 4-star analyst rating and average return of 8.9% suggest that she has confidence in the company’s prospects.
Market Sentiment
The overall sentiment on The Street is Strong Buy, with an average price target of €132.46.
Recent News and Developments
Recent news and developments surrounding Heidelberg Materials include:
- A price target raised to EUR 125 from EUR 120 at Citi
- A price target raised to EUR 151 from EUR 150 at JPMorgan
- A price target raised to EUR 137 at Deutsche Bank
- A price target raised to EUR 138 at Morgan Stanley
- A price target raised to EUR 120 from EUR 100 at Citi
Conclusion
Heidelberg Materials’ stock has seen significant upgrades and downgrades in recent months, with analyst opinions remaining divided. While Johnson’s Buy rating may be a positive sign for investors, the negative insider sentiment and overall market sentiment suggest that the company’s prospects may not be as rosy as previously thought.
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