HeidelbergCement: shares fall on broker downgrade
(CercleFinance.com) - Shares in German cement group HeidelbergCement fall 1.
4%, underperforming a 0.3% fall in the STOXX Europe 600 Construction & Materials index, after Barclays downgraded the stock to "equal weight”.
Barclays analysts say in a note: "We believe the strong cement sector performance year-to-date calls for a breather, especially given weather disruptions in the US that will likely hit second-quarter performance”.
The shares of HeidelbergCement have risen over 27% so far this year.
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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.
4%, underperforming a 0.3% fall in the STOXX Europe 600 Construction & Materials index, after Barclays downgraded the stock to "equal weight”.
Barclays analysts say in a note: "We believe the strong cement sector performance year-to-date calls for a breather, especially given weather disruptions in the US that will likely hit second-quarter performance”.
The shares of HeidelbergCement have risen over 27% so far this year.
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.