Ratings Change: Is It Finally Time To Buy? Bankhaus Lampe KG Upgrades Heidelberger Druckmaschinen (ETR:HDD), Has EUR 3.10 Target

November 24, 2016 - By Adrian Mccoy

Ratings Change:  Is It Finally Time To Buy? Bankhaus Lampe KG Upgrades Heidelberger Druckmaschinen (ETR:HDD), Has EUR 3.10 Target

Heidelberger Druckmaschinen (ETR:HDD) Upgrade

Heidelberger Druckmaschinen (ETR:HDD)‘s rating was upgraded by equity research analysts at Bankhaus Lampe KG to a “Buy”. They have a target price of EUR 3.10 on HDD. Bankhaus Lampe KG’s target price gives a potential upside of 27.05% from the stock’s previous stock close.

Heidelberger Druckmaschinen AG (ETR:HDD) Ratings Coverage

Out of 12 analysts covering Heidelberger Druckmaschinen (ETR:HDD), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. €3.70 is the highest target while €1.90 is the lowest. The €3.04 average target is 24.08% above today’s (€2.45) stock price. Heidelberger Druckmaschinen has been the topic of 49 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, June 16 by Commerzbank. The firm has “Buy” rating given on Wednesday, March 9 by Bankhaus Lampe. S&P Research maintained Heidelberger Druckmaschinen AG (ETR:HDD) on Thursday, August 13 with “Hold” rating. The firm has “Buy” rating by Bankhaus Lampe given on Thursday, February 11. The firm earned “Hold” rating on Thursday, September 1 by Commerzbank. Bankhaus Lampe upgraded Heidelberger Druckmaschinen AG (ETR:HDD) rating on Friday, November 20. Bankhaus Lampe has “Buy” rating and €2.90 price target. DZ-Bank AG upgraded Heidelberger Druckmaschinen AG (ETR:HDD) on Monday, August 31 to “Buy” rating. The firm has “Buy” rating by Independent Research given on Friday, February 12. The stock has “Buy” rating given by Baader Wertpapierhandelsbank on Thursday, June 9. Warburg Research upgraded it to “Buy” rating and €3.55 target price in Thursday, July 21 report.

About 247,626 shares traded hands. Heidelberger Druckmaschinen AG (ETR:HDD) has risen 29.90% since April 15, 2016 and is uptrending. It has outperformed by 24.49% the S&P500.

Heidelberger Druckmaschinen AG is a Germany firm that develops, produces and distributes technology for commercial and packaging printing. The company has a market cap of 629.95 million EUR. It has three divisions: Heidelberg Equipment, comprising new machinery business; Heidelberg Services, entailing services, consumables, spare parts and remarketed equipment business, and Heidelberg Financial Services, including sales financing businesses. It has a 51.02 P/E ratio. Within the business divisions the Company is divided into three business areas: the Sheetfed Business Area, containing finishing machinery for packaging printing in addition to sheetfed offset printing presses for small, medium and large format classes; the Consumables and Computer-to-plate business area, where it bundles consumables and prepress equipment, and the Service and Service Parts business area, that supplies service parts to clients in addition to printing press maintenance.

More recent Heidelberger Druckmaschinen AG (ETR:HDD) news were published by: Moodys.com which released: “Moody’s: Printing press maker Heidelberg’s business profile beats domestic …” on September 06, 2016. Also Businesswire.com published the news titled: “Heidelberger Druckmaschinen AG Uses PTC ThingWorx® Technology to Provide Smart …” on May 25, 2016. Prnewswire.com‘s news article titled: “Fujifilm and Heidelberg Take First Step Towards Industrial Digital Printing” with publication date: February 22, 2016 was also an interesting one.

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