Heidelberg Materials

Heidelberg Materials shares rose about 2.7 percent to €143.60 after RBC upgraded the stock. Analyst Anthony Codling justified the upgrade by citing more favorable price trends versus costs in Europe and North America and pointed to building permits and infrastructure projects as support for 2027. Despite the rally, the stock is still down nearly 36 percent in 2026. » More on finanzen.net

The Canadian bank RBC has upgraded Heidelberg Materials from "Sector Perform" to "Outperform", but cut the price target from 217 to 211 euros. RBC cites weak price development versus cost inflation, geopolitical uncertainty, dampened housing demand and unfavorable weather conditions as headwinds in the third quarter. Analyst Anthony Codling names Heidelberg Materials alongside CRH and Kingspan as his top picks. » More on finanzen.net

Heidelberg Materials is buying NCC’s Scandinavian aggregates and asphalt business for an adjusted enterprise value of about 5.5 billion SEK (approximately €490 million). The transaction includes 106 aggregates sites and 44 hot-mix asphalt plants in Sweden and Norway and is intended to strengthen growth potential in the infrastructure market. The pro‑forma EBITDA multiple is below Heidelberg Materials’ own multiple; the takeover remains subject to regulatory approvals. » More on finanzen.net