Heidelberg Materials has been given a "Neutral" rating by UBS AG, with a target price of 121 euros, following its acquisition of Giant Cement.

According to analyst Gregor Kuglitsch, the US cement manufacturer contributes around 2 percent to Heidelberg Materials' operating result (EBITDA). Kuglitsch believes that acquiring medium-sized suppliers in the USA is a wise strategy to strengthen the company's market presence in the long run.

Heidelberg Materials' shares rose by 1.1 percent to EUR 119.10 in trading, indicating a potential increase of 1.60 percent relative to the target price. The trading volume for the day was 41,548 shares, and the stock has experienced a significant 51.7 percent increase in value throughout 2024.

The company is expected to release key financial figures for Q4 2024 on March 25, 2025.