Heidelberg Materials stock: Deutsche Bank cuts target to EUR 206 for Heidelberg Materials stock

Published on 10/21/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan keeps EUR 225.00 on October 13, 2026. Heidelberg Materials stock costs EUR 146.48 on October 21, 2026, up 0.81 percent versus Xetra close.

Analyst targets and reporting date

Deutsche Bank Research cut its target from EUR 210.00 to EUR 206.00 on October 20, 2026.
JPMorgan kept its EUR 225.00 target in a research note dated October 13, 2026.
Heidelberg Materials stock costs EUR 146.48 at Lang & Schwarz on October 21, 2026 at 4:04 p.m. CEST, 0.81 percent above the Xetra close and 39.39 percent below the 52-week high.
Heidelberg Materials is scheduled to publish its third-quarter 2026 trading update on November 4, 2026.

Zementwerk mit Kalksteinbruch im Abendlicht, Baustoffindustrie Symbolbild — Fotorealistische Aufnahme eines Zementwerks zeigt Heidelberg Materials AG DE0006047004 mit Kalksteinbruch und Produktionsanlagen im Abendlicht, Illustration mit AI erstellt.

Heidelberg Materials (ISIN DE0006047004) saw Deutsche Bank Research cut its price target from EUR 210.00 to EUR 206.00 on October 20, 2026, while keeping a Buy rating, according to finanzen.at. The stock was trading at EUR 146.48 at Lang & Schwarz on October 21, 2026 at 4:04 p.m. CEST, up EUR 1.18 or 0.81 percent versus the Xetra close of October 20, 2026 at EUR 145.30.

JPMorgan keeps a higher target

JPMorgan maintained an Overweight rating and a EUR 225.00 target in a research note dated October 13, 2026. dpa-AFX reported that analyst Elodie Rall expected European construction-materials companies to post an average sequential volume decline in the third quarter, citing summer heat-related site closures. The JPMorgan target stands 53.60 percent above the Lang & Schwarz price.

Stock stays above its yearly low

Heidelberg Materials traded 6.76 percent above its 52-week low of EUR 137.20 and 39.39 percent below its 52-week high of EUR 241.80 on October 21, 2026. The Xetra quote showed 133,897 shares traded by 3:53 p.m. CEST, while the stock was down 34.50 percent year to date in the October 20, 2026 assessment published by finanzen.at.

Valuation meets a November date

The company had a market capitalization of EUR 25.7 billion and a trailing P/E ratio of 15.83 on October 21, 2026. Its next scheduled event is the third-quarter 2026 trading update on November 4, 2026, followed by an analyst conference call, as reported by Borse Global on October 19, 2026.

Nordic expansion adds scale

Heidelberg Materials agreed on October 7, 2026 to acquire NCC's Swedish and Norwegian aggregates and asphalt operations for an enterprise value of SEK 5.5 billion. The transaction covers 106 aggregates sites and 44 hot-mix asphalt plants, and remains subject to regulatory approval, according to the company's Heidelberg Materials release dated October 7, 2026.

Price and next reporting date

The combination of a EUR 206.00 Deutsche Bank target, a EUR 225.00 JPMorgan target and the November 4 reporting date gives investors three concrete reference points. The current price remains 39.39 percent below its yearly high, keeping the analyst targets materially above the market level.

Heidelberg Materials was trading at EUR 146.48 at Lang & Schwarz on October 21, 2026 at 4:04 p.m. CEST, 0.81 percent above the Xetra close of October 20, 2026 at EUR 145.30. The further course of trading is shown by the continuously updated real-time quote of Heidelberg Materials stock.