UBS cuts target to EUR 230 for Heidelberg Materials stock

Published on 10/01/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 1.70 percent to EUR 10.58 billion in the first half. Heidelberg Materials stock is EUR 145.93 on October 1, 2026 after EUR 141.70.

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 (ISIN DE0006047004) faces a lower UBS valuation benchmark after the bank cut its price target from EUR 260 to EUR 230 on September 22, 2026 while retaining a Buy rating, according to FinanzNachrichten. The stock was trading at EUR 145.93 at Lang & Schwarz on October 1, 2026 at 1:37 p.m. CEST, plus 2.99 percent versus the prior close of EUR 141.70 on September 30, 2026.

UBS target cut resets the benchmark

The new UBS target stands 57.61 percent above the Lang & Schwarz price, a comparison that leaves the analyst view materially above the current euro quotation. Jefferies retained a Buy rating and a EUR 286 target, the highest target cited in the September 22 analyst overview, according to FinanzNachrichten.

First-half growth cushions the cut

Heidelberg Materials reported first-half 2026 revenue of EUR 10.58 billion, up 1.70 percent year over year, while the result from current operations reached EUR 1.25 billion, according to Borse Express. The company also reported EUR 440 million in savings from its Transformation Accelerator program, giving the target debate an operating-efficiency angle.

Share repurchases add a second capital-allocation signal. Heidelberg Materials bought 329,452 shares on Xetra between September 14 and September 18, 2026, for an aggregate EUR 49.03 million, according to FinanzNachrichten. That volume was executed at a weighted average price of EUR 148.83 per share, above the current Lang & Schwarz quote.

November results set the next test

The next scheduled reporting date is November 4, 2026, when Heidelberg Materials is due to publish its third-quarter trading update, according to MarketScreener. The contrast is clear: first-half revenue grew, but UBS lowered its target as expectations for construction demand became more cautious.

Trading rebounds from September close

Heidelberg Materials was trading at EUR 145.93 at Lang & Schwarz on October 1, 2026 at 1:37 p.m. CEST, plus 2.99 percent versus the Lang & Schwarz prior close of EUR 141.70 on September 30, 2026. The primary listing is Xetra, where the ticker is HEI.

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