What Can We Expect From The HOCHTIEF (ETR:HOT) Upgrade By Goldman Sachs Group Inc.? The TP is EUR 105.80

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HOCHTIEF (ETR:HOT) Stock Upgrade

Shares of HOCHTIEF (ETR:HOT) stock were hiked to a “Buy” by research professionals at Goldman Sachs Group Inc., who now have a PT set at EUR 105.80 on HOT. This target is 18.77% from HOT’s current share price.

From a total of 19 analysts covering HOCHTIEF (ETR:HOT) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €93 while the lowest target price is €73. The mean of all analyst targets is €84.79 with a -1.81% below today’s (€89.14) stock price. HOCHTIEF was the topic of 14 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on December 1 with “Hold” rating. Bank of America maintained shares with “Neutral” rating and €81 target share price in a report from an August 17. Bankhaus Lampe upgraded HOT stock in a recent report from November 20 to “Buy” rating. Goldman Sachs upgraded the rating on August 13. Goldman Sachs has a “Buy” rating and a €89.20 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on a September 10.

The stock increased 0.86% or EUR 0.76 on December 2, striking EUR 89.14. Approximately 94,593 shares of stock traded hands. HOCHTIEF AG (ETR:HOT) has declined 16.46% since April 30, 2015 and is downtrending. It has underperformed by 16.26% the S&P500.

 What Can We Expect From The HOCHTIEF (ETR:HOT) Upgrade By Goldman Sachs Group Inc.? The TP is EUR 105.80

Hochtief AG is a Germany-based holding firm engaged in the construction industry. The company has a market cap of 6.18 billion EUR. Through its subsidiaries, Hochtief delivers construction and civil engineering projects for the transportation, energy and urban infrastructure industries, and the mining industry. It currently has negative earnings. It operates three business divisions: Hochtief Americas coordinates construction activities in the United States, Canada and Brazil; Hochtief Asia Pacific covers construction activities in Asia and Australia involving building, infrastructure and contract mining projects; and Hochtief Europe conducts construction projects in Europe and select regions worldwide involving real estate and transport infrastructure, such as tunnels, bridges, airports, marine ports and sports stadiums.

According to Zacks Investment Research, “Starwood Hotels & Resorts Worldwide, Inc. is one of the world’s largest hotel operating companies. The company conducts their hotel business both directly and through the subsidiaries, including ITT Sheraton Corporation, Starwood Hotels & Resorts and CIGA S.p.A. The brand names include Sheraton, Westin, St. Regis/Luxury Collection, W and Four Points. Through these brands, the company is represented in most major markets of the world.” Get a free copy of the Zacks research report on HOCHTIEF AG (HOT).

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