Heidelberg Materials (OTCMKTS:HDELY) Share Price Crosses Above 50 Day Moving Average of $15.06

Heidelberg Materials AG (OTCMKTS:HDELY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.06 and traded as high as $15.53. Heidelberg Materials shares last traded at $15.43, with a volume of 26,961 shares traded.

Analysts Set New Price Targets

Several analysts have recently issued reports on HDELY shares. Morgan Stanley raised shares of Heidelberg Materials from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. HSBC raised Heidelberg Materials from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Heidelberg Materials Price Performance

The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $15.06 and a 200 day moving average of $15.49.

Heidelberg Materials Company Profile

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components.