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

Published on 10/23/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on November 4, 2026. Heidelberg Materials stock costs EUR 147.45 on October 23, 2026, up 1.41 percent versus Xetra close.

Deutsche Bank target cut

Deutsche Bank cut its Heidelberg Materials target from EUR 210.00 to EUR 206.00 on October 20, 2026.
JPMorgan kept a EUR 225.00 target and an Overweight rating on October 15, 2026.
Heidelberg Materials stock costs EUR 147.45 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, 1.41 percent above the Xetra close of October 22, 2026 at EUR 145.40.
The company is scheduled to publish its third-quarter trading update on November 4, 2026.

Flatlay: Bauplan, Zementprobe, Maurerkelle, Wasserwaage und Schutzbrille auf Betonuntergrund — Flatlay-Draufsicht auf Bauplan, Zementprobe, Maurerkelle, Wasserwaage und Schutzbrille – Arbeitsmaterialien rund um die Kernprodukte der Heidelberg Materials AG (ISIN DE0006047004), Illustration mit AI erstellt.

Heidelberg Materials (ISIN DE0006047004) became the subject of a Deutsche Bank target cut from EUR 210.00 to EUR 206.00 on October 20, 2026, according to MarketScreener. The bank retained its Buy recommendation. At Lang & Schwarz, the stock was trading at EUR 147.45 on October 23, 2026 at 4:11 p.m. CEST, up 1.41 percent versus the Xetra close of October 22, 2026 at EUR 145.40.

JPMorgan keeps a higher target

JPMorgan maintained an Overweight rating and a EUR 225.00 price target on October 15, 2026, according to Borse Express. That target lies 52.60 percent above the Lang & Schwarz price. The gap between the two analyst targets leaves the October 20 cut as a more cautious signal than JPMorgan's view.

Stock stays near its yearly low

The current price is 7.47 percent above the EUR 137.20 52-week low and 39.02 percent below the EUR 241.80 high, with both levels dated October 23, 2026. Trading volume stood at 181,070 shares at 4:08 p.m. CEST on the same date. Borse Express reported a 37.00 percent year-to-date decline in its October 15 review, placing the latest quote in a weak longer-term chart position.

Results date and valuation

Heidelberg Materials is scheduled to publish its third-quarter trading update on November 4, 2026, according to Borse Express. For fiscal year 2025, the company lists EUR 21.5 billion in revenue, a 10.40 percent return on invested capital, EUR 3.4 billion in operating result and EUR 2.1 billion in free cash flow on its Heidelberg Materials investor-relations page.

The Xetra-listed construction-materials group has a market capitalization of EUR 26.0 billion and a price-to-earnings ratio of 16.00 as of October 23, 2026. Its product portfolio includes cement, aggregates, ready-mixed concrete and asphalt, while its investment case combines operating cash generation with exposure to construction demand.

Stock position after the target cut

The latest analyst action sits between the current quote and JPMorgan's higher target. Heidelberg Materials stock was trading at EUR 147.45 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, 1.41 percent above the Xetra close of October 22, 2026 at EUR 145.40.

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