Heidelberg Materials stock rises 1.31 percent as UBS cuts target

Published on 09/29/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target from EUR 260.00 to EUR 230.00 on September 22, 2026. Heidelberg Materials stock also carries Q2 revenue growth of 6 percent and guidance of EUR 3.4 billion-EUR 3.65 billion.

Industrielles Zementwerk mit Drehofen und Schornsteinen bei goldenem Sonnenaufgang — Luftaufnahme eines Zementwerks bei Sonnenaufgang – Heidelberg Materials AG (ISIN DE0006047004) ist ein weltweit führender Hersteller von Zement, Kies und Baustoffen mit Sitz in Heidelberg, Illustration mit AI erstellt.

Heidelberg Materials stock (ISIN DE0006047004) was trading at EUR 145.18 at Lang & Schwarz on September 29, 2026 at 1:12 p.m. CEST, up 1.31 percent versus the Xetra close of EUR 143.30 on September 28, 2026. The move comes as UBS retains a Buy rating while cutting its price target to EUR 230.00.

UBS lowers its target

According to Finanznachrichten on September 22, 2026, UBS reduced its target from EUR 260.00 to EUR 230.00 and kept its Buy rating. UBS cited weaker sentiment around U.S. cement demand, while continuing to view Heidelberg Materials as well positioned in the market.

The revised target remains EUR 84.82 above the Lang & Schwarz price, a gap of 58.48 percent. That comparison matters because the stock is only EUR 2.68 above the Xetra 52-week low of EUR 142.50.

Q2 growth meets higher costs

Heidelberg Materials reported 6 percent year-over-year Q2 2026 revenue growth and a 3 percent increase in reported operating EBITDA, according to the Yahoo Finance transcript dated July 30, 2026. Like-for-like revenue increased 7 percent and like-for-like operating EBITDA rose 4 percent.

Management specified full-year RCO guidance at EUR 3.4 billion-EUR 3.65 billion and said the third EUR 1.2 billion share-buyback tranche had reached EUR 450.0 million by the earnings call. The operating picture is therefore improving, but energy and distribution costs remain central to the margin outlook.

Buyback adds a dated support

According to Finanznachrichten, Heidelberg Materials bought back 329,452 shares between September 14 and September 18, 2026, for an aggregate EUR 49.0 million at a weighted average price of EUR 148.83. The average repurchase price was 2.52 percent above the current Lang & Schwarz quote.

Stock trades above the Xetra low

Heidelberg Materials was trading at EUR 145.18 at Lang & Schwarz on September 29, 2026 at 1:12 p.m. CEST, with a 1.31 percent gain versus the Xetra close of EUR 143.30 on September 28, 2026. Its Xetra 52-week range is EUR 142.50 to EUR 241.80, while market capitalization is EUR 25.4 billion as of September 29, 2026.