HeidelbergCement ADR

Heidelberg Materials led the DAX after a buy recommendation from UBS, gaining 2.14 percent. The German stock market fell overall; the DAX closed 0.62 percent lower at 24,237 points, weighed down by US-China trade conflicts and sector laggards like Continental. Macroeconomic data such as the ZEW-Index and global commodity and currency signals contributed to volatile sentiment. » Plus sur finanzen.net

The UN human rights office included Heidelberg Materials on a list of companies said to be involved in settlement-building activities in the territories occupied by Israel. The company has rejected the allegation against its Israeli subsidiary. The stock reacted with gains. » Plus sur finanzen.net

Heidelberg Materials’ share recently fell sharply and slipped back below €200. Crucial now is that the stock does not fall below the interim low at €191, otherwise a technical pullback to around €175 could be threatened; if it stabilizes, the intermediate high at €209 and the record level at €212.20 would be possible targets. RBC analyst Anthony Codling confirms his “Outperform” rating with a fair value of €220, Jefferies sets a price target of €236.50 and reiterates “Buy.” Overall, analysts see long-term demand impulses in Europe, with regions such as Germany and Italy viewed more positively than the UK and France. » Plus sur deraktionaer.de