Heidelberg Materials stock rises as UBS cuts its target

Published on 09/23/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Heidelberg Materials stock traded at EUR 148.95 on September 23, 2026, 1.1 percent higher in Xetra trading. UBS set a EUR 230 target.

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) traded at EUR 148.95 on Xetra on September 23, 2026, up 1.1 percent during the session. The move followed a fresh analyst update as finanzen.at reported on September 23, 2026, that UBS maintained its Buy rating and set a EUR 230 price target.

UBS target remains above the market

The target implies EUR 81.05 of potential distance from the Xetra price cited by finanzen.at, while the stock remained EUR 92.85 below its 52-week high of EUR 241.80 reached on January 26, 2026. The same market snapshot placed the 52-week low at EUR 143.05 on September 21, 2026, leaving the September 23 price EUR 5.90 above that level.

A separate broker report from Interactive Investor on September 22, 2026, said UBS had cut its target to EUR 230 from EUR 260 while keeping the Buy recommendation. The EUR 30 reduction is a concrete counterweight to the positive rating and narrows the valuation cushion compared with the earlier target.

Revenue holds at EUR 4.58 billion

Heidelberg Materials reported revenue of EUR 4.58 billion for the latest quarterly period cited by finanzen.net on September 23, 2026. That figure was unchanged from EUR 4.58 billion in the year-earlier quarter, a comparison that points to stable reported sales rather than top-line expansion.

The current market data also show a sizeable gap between the yearly extremes: the EUR 98.75 range from EUR 143.05 to EUR 241.80 represents 68.9 percent of the 52-week low. For investors, the combination of unchanged quarterly revenue and the lower UBS target makes operating delivery more important than the Buy label alone.

Stock stays near its yearly low

Heidelberg Materials stock stood 4.12 percent above its 52-week low on September 23, 2026, while the intraday high reached EUR 149.45. Xetra volume was 13,217 shares at 9:06 a.m. on the date cited by finanzen.net, providing the dated market context for the 1.1 percent gain.

The shares closed at EUR 144.30 on Xetra on September 21, 2026, after 468,381 shares changed hands, according to Ad Hoc News. The later September 23 quotation therefore stood EUR 4.65 above that completed Xetra close.

Heidelberg Materials stock trades at EUR 148.95

Heidelberg Materials stock traded at EUR 148.95 on Xetra on September 23, 2026, with a session gain of 1.1 percent. The quoted price, the 52-week range and the UBS target provide the immediate reference points, while quarterly revenue of EUR 4.58 billion was unchanged year over year.