HeidelbergCement: UBS remains a buyer; shares rise
(CercleFinance.com) - UBS maintains a "buy" rating on the HeidelbergCement stock, with a target price of 77 euros, after the German cement maker yesterday provided an early optimistic outlook for 2019.
In a note to clients, the broker said the company has issued a positive initial view for 2019 and has reported better fourth-quarter trading figures after the "earlier challenges of 2018."
In a statement on Monday, HeidelbergCement said it has made good progress with the acceleration of its portfolio optimisation over the past weeks, and said that it intends to accelerate disposals and review further divestment potentials.
HeidelbergCement shares have risen by 2% over the last two trading sessions.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, the broker said the company has issued a positive initial view for 2019 and has reported better fourth-quarter trading figures after the "earlier challenges of 2018."
In a statement on Monday, HeidelbergCement said it has made good progress with the acceleration of its portfolio optimisation over the past weeks, and said that it intends to accelerate disposals and review further divestment potentials.
HeidelbergCement shares have risen by 2% over the last two trading sessions.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.