HeidelbergCement: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains its "buy" rating on HeidelbergCement shares, having raised its target price for them from 108.
1 euros to 113.1 euros.

The broker expects 2021 EBITDA growth of 4.6%, driven by strong performance in Q2, with 30% LFL y-o-y growth.

Jefferies also notes that Q2 organic sales growth reached 15% year-on-year; HeidelbergCement is thus back on track, with sales having returned to their level in Q2 2019.


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