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RBC Capital Remains a Buy on Heidelberg Materials (0MG2)


RBC Capital Remains a Buy on Heidelberg Materials (0MG2)

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Heidelberg Materials with a €114.03 average price target, implying a 13.44% upside from current levels. In a report released on September 25, Berenberg Bank also maintained a Buy rating on the stock with a €120.00 price target.

Based on Heidelberg Materials' latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of €0. In comparison, last year the company had a net profit of €0

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0MG2 in relation to earlier this year.

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HeidelbergCement 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. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. HeidelbergCement is listed in Germany and has 55,000 employees.

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