Heidelberg Materials stock: Deutsche Bank sets EUR 206 target

Published on 10/22/2026 at 15:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was EUR 21.50 billion in fiscal 2025. Heidelberg Materials stock costs EUR 145.70 on October 22, 2026, down 1.42 percent versus Xetra close.

Analyst target and reporting figures

Deutsche Bank Research lowered its Heidelberg Materials target from EUR 210.00 to EUR 206.00 on October 20, 2026.
Fiscal 2025 revenue reached EUR 21.50 billion and return on invested capital was 10.40 percent.
Heidelberg Materials stock costs EUR 145.70 at Lang & Schwarz on October 22, 2026 at 3:35 p.m. CEST, down 1.42 percent versus the Xetra close of October 21, 2026.

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Heidelberg Materials (DE0006047004) faces a lower analyst target after Deutsche Bank Research cut its price objective from EUR 210.00 to EUR 206.00 on October 20, 2026. According to Finanzen.net, analyst Jon Bell kept the Buy rating. Heidelberg Materials was trading at EUR 145.70 at Lang & Schwarz on October 22, 2026 at 3:35 p.m. CEST, down 1.42 percent versus the Xetra close of October 21, 2026 at EUR 147.80.

Revenue and returns in 2025

The company entered the analyst discussion with a substantial reported earnings base. Its investor-relations page lists fiscal 2025 revenue of EUR 21.50 billion, return on invested capital of 10.40 percent, operating result of EUR 3.40 billion and free cash flow of EUR 2.10 billion, according to Heidelberg Materials. These figures give the target cut a clear operating reference, even though the analyst note focused on regional construction conditions.

Where the stock sits

The EUR 145.70 quote is 6.20 percent above the 52-week low of EUR 137.20 and 39.74 percent below the 52-week high of EUR 241.80. The Xetra instrument had a reported October 22, 2026 volume of 67,419 shares, while its market capitalization was EUR 25.6 billion.

Valuation and target distance

Heidelberg Materials carried a price-to-earnings ratio of 15.70 on October 22, 2026. Deutsche Bank's EUR 206.00 target lies 41.39 percent above the Lang & Schwarz price, calculated from the two euro values; the target reduction therefore narrows the valuation marker without removing the positive rating.

Comparison with peers

On October 22, 2026, Heidelberg Materials stood at minus 1.42 percent, with a price-to-earnings ratio of 15.70 and market capitalization of EUR 25.6 billion. Holcim (SIX, CHF): down 1.45 percent, price-to-earnings ratio 60.91, market capitalization CHF 35.4 billion. CRH (NYSE, USD): down 1.07 percent, price-to-earnings ratio 15.07, market capitalization USD 56.6 billion.

The target remains above the quote

The market price remains EUR 60.30 below Deutsche Bank's revised target of EUR 206.00, while the stock is closer to its 52-week low than its high. The next investor comparison is whether upcoming company figures support the fiscal 2025 base of EUR 21.50 billion in revenue.

The further course of trading is shown by the continuously updated real-time quote of Heidelberg Materials stock.