In a report released today, Tobias Woerner from Stifel Nicolaus maintained a Hold rating on Heidelberg Materials (0MG2 – Research Report), with a price target of €128.00.
Tobias Woerner has given his Hold rating due to a combination of factors influencing Heidelberg Materials’ current market position. Despite the company ending the year with strong results, surpassing consensus expectations in several areas like EBITDA and sales, Woerner notes that the stock is currently reflecting a full recovery in volume. This suggests limited immediate upside potential, which tempers enthusiasm for a more aggressive rating.
Additionally, while the company’s outlook remains positive, its guidance is slightly below consensus expectations, indicating some caution due to geopolitical risks and market volatility. The upcoming CMD in Brevik is expected to be a significant event, potentially offering new medium-term targets that could influence future stock performance. Until then, Woerner suggests that the current valuation already incorporates much of the anticipated recovery, warranting a Hold rating as investors wait for a more opportune moment to re-enter the stock.
In another report released today, Barclays also maintained a Hold rating on the stock with a €135.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0MG2 in relation to earlier this year.