UBS AG has given Heidelberg Materials a "Neutral" rating and set a target price of 121 euros after the company acquired Giant Cement.
According to analyst Gregor Kuglitsch, the US cement manufacturer contributes about 2 percent to the group's operating result (EBITDA).
However, Kuglitsch believes that acquiring medium-sized suppliers in the USA is a wise move to improve the company's market presence in the long run.
During the XETRA session, Heidelberg Materials shares increased by 1.1 percent to EUR 119.10, indicating a potential upside of 1.60 percent compared to the target price.
The trading volume rose to 41,548 shares, showing increased investor interest.
Over the past year, the share price has risen by 51.7 percent.
The company is expected to announce its Q4 2024 results on March 25, 2025.