Heidelberg Materials (OTCMKTS:HDLMY) Shares Gap Down – Here’s Why
by Teresa Graham · The Cerbat GemHeidelberg Materials (OTCMKTS:HDLMY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $41.25, but opened at $39.7401. Heidelberg Materials shares last traded at $41.50, with a volume of 10,217 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently commented on HDLMY. Royal Bank Of Canada lowered shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Citigroup upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Finally, Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.
View Our Latest Report on Heidelberg Materials
Heidelberg Materials Price Performance
The business has a fifty day moving average of $45.48.
Heidelberg Materials Company Profile
Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.
Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.