HeidelbergCement: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its "neutral" rating on the HeidelbergCement share, while increasing its target price to 81 euros (vs.
69 euros previously).
The broker says its EPS and EBITDA estimates remain "broadly unchanged" and points out that HeidelbergCement has "resumed its progressive dividend policy with dividend proposal of E2.20 per share, up 5% from 2018".
After a strong start to 2021, HeidelbergCement expects revenue, operating EBIT and EBITDA to increase this year, driven by growth in demand in the residential sector and a buoyant infrastructure sector.
The share is up over 3% in Frankfurt late on Friday morning.
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