HOCHTIEF

 


Analysts' coverage

A great number of German and international financial analysts are watching HOCHTIEF closely. The following is a list of banks and securities dealers who regularly evaluate and give recommendations on the HOCHTIEF share.

InstitutionLocationAnalystRatinglatest publication
Bankhaus Lampe Düsseldorf Marc Gabriel Buy 17 Jun 10
Bank of America Merrill Lynch London Marcin Wojtal Under Review 17 May 10
Bayerische Landesbank Munich ² Accumulate  
Berenberg Bank Hamburg ¹ Buy 24 Feb 10
BHF Bank Frankfurt Jens Jung Buy 20 May 10
CA Cheuvreux Frankfurt Craig Abbott Outperform 01 Jun 10
Commerzbank Frankfurt Norbert Kretlow Add 17 May 10
Credit Suisse London Ur-Cheng Leong Underperform 28 May 10
Deutsche Bank Frankfurt Michael Kuhn Buy 01 Jul 10
DZ Bank Frankfurt Marc Nettelbeck Buy 02 Jun 10
equinet Frankfurt Ingbert Faust Buy 05 Jul 10
Goldman Sachs London Eshan Toorabally Buy 04 Jun 10
Hamburger Sparkasse Hamburg Jochen Intelmann Sell 21 May 10
Hauck & Aufhäuser Hamburg ² Accumulate  
HSBC Trinkaus & Burkhardt Düsseldorf Thomas Teetz Overweight 14 Jul 10
Independent Research Frankfurt Stefan Röhle Buy 25 Mar 10
Kepler Capital Markets Frankfurt Tobias Loskamp Buy 17 Jun 10
Landesbank Baden-Württemberg Stuttgart Arne Menzel Hold 08 Apr 10
MainFirst Bank Frankfurt Christian Korth Buy 07 Jun 10
MF Global London Tobias Woerner Neutral 12 Feb 10
M.M. Warburg & Co Hamburg ¹ Buy 07 Dec 09
NordLB Hannover Heino Hammann Hold 21 May 10
Société Générale Paris Muriel Fellous Hold 17 May 10
UBS London Gregor Kuglitsch Buy 18 May 10
UniCredit (HVB) Munich ¹ Buy 26 Mar 10
WestLB Düsseldorf Ralf Dörper Buy 26 Jul 10
WGZ Bank AG Düsseldorf ² Buy 23 Jul 10

¹ Change of analyst
² through external Research Insitute


Disclaimer
The research reports and other analysts' statements referred to here have been received from third parties, in particular from equity and credit analysts employed by a range of banks and investment banks. Reference to such reports and statements is provided for information only and does not imply any agreement with or consent to the content of such reports and statements or the information, opinions or conclusions contained therein. HOCHTIEF further draws attention to the disclaimers issued by each firm whose reports and statements are referred to here, which should be read in full. HOCHTIEF accepts no liability for the selection, current relevance, completeness or correctness of the analysts' recommendations or assessments referred to here. None of the information contained or referred to on this Internet site is to be understood as an offer for purchase of shares or bonds of HOCHTIEF or its subsidiaries or related undertakings. Any liability on the part of HOCHTIEF Aktiengesellschaft for losses incurred by third parties arising from the research reports and other analysts' statements contained or referred to on this website is precluded.

Analystenstudien

2010
January
February
March
April
May
June
July
August
September
October
November
December
2009
2008
2007
2006
2005
2004
Date of publicationInstitutionRating
26 Jul 10 WestLB Buy
23 Jul 10 WestLB Buy
23 Jul 10 WGZ Bank Buy
16 Jul 10 WGZ Bank Buy
14 Jul 10 HSBC Trinkaus & Burkhardt Overweight
09 Jul 10 WGZ Bank Buy
06 Jul 10 WestLB Buy
05 Jul 10 equinet Buy
02 Jul 10 WGZ Bank Buy
01 Jul 10 Deutsche Bank Buy

Disclaimer
The research reports and other analysts' statements referred to here have been received from third parties, in particular from equity and credit analysts employed by a range of banks and investment banks. Reference to such reports and statements is provided for information only and does not imply any agreement with or consent to the content of such reports and statements or the information, opinions or conclusions contained therein. HOCHTIEF further draws attention to the disclaimers issued by each firm whose reports and statements are referred to here, which should be read in full. HOCHTIEF accepts no liability for the selection, current relevance, completeness or correctness of the analysts' recommendations or assessments referred to here. None of the information contained or referred to on this Internet site is to be understood as an offer for purchase of shares or bonds of HOCHTIEF or its subsidiaries or related undertakings. Any liability on the part of HOCHTIEF Aktiengesellschaft for losses incurred by third parties arising from the research reports and other analysts' statements contained or referred to on this website is precluded.

Analysts' recommendations

Analysts' recommendations and target price

   
positive
 
13 (86.7%)
neutral
 
2 (13.3%)
negative
 
0 (0.0%)

positive: accumulate, add, buy, outperform, etc.
neutral: hold, neutral, market perform, etc.
negative: reduce, sell, underperform, etc.

As of 01 July, 2010

* Publication of Quarterly Report Jan-Mar 2010

 

Long-term development of recommendations


Disclaimer
The research reports and other analysts' statements referred to here have been received from third parties, in particular from equity and credit analysts employed by a range of banks and investment banks. Reference to such reports and statements is provided for information only and does not imply any agreement with or consent to the content of such reports and statements or the information, opinions or conclusions contained therein. HOCHTIEF further draws attention to the disclaimers issued by each firm whose reports and statements are referred to here, which should be read in full. HOCHTIEF accepts no liability for the selection, current relevance, completeness or correctness of the analysts' recommendations or assessments referred to here. None of the information contained or referred to on this Internet site is to be understood as an offer for purchase of shares or bonds of HOCHTIEF or its subsidiaries or related undertakings. Any liability on the part of HOCHTIEF Aktiengesellschaft for losses incurred by third parties arising from the research reports and other analysts' statements contained or referred to on this website is precluded.

Target price (EUR)

Minimum 58.00
Average 71.19
Median 67.50
Maximum 103.00

Analysts' forecasts

Sales (EUR million)
  Minimum Average Median Maximum
2010 17,843 18,763 18,718 20,548
EBT (EUR million)
  Minimum Average Median Maximum
2010 564 677 687 764
Net income (EUR million)
  Minimum Average Median Maximum
2010 183 226 221 284
Earnings per share (EUR) ¹
  Minimum Average Median Maximum
2010 2.75 3.39 3.32 4.27
Dividend per share (EUR) ²
  Minimum Average Median Maximum
2010 1.50 1.69 1.63 2.00

As of 01 July, 2010

* Publication of Quarterly Report Jan-Mar 2010
¹ based on the number of shares in circulation (70 million shares minus own shares)
² based on the number of shares issued (70 million shares)


Disclaimer
The research reports and other analysts' statements referred to here have been received from third parties, in particular from equity and credit analysts employed by a range of banks and investment banks. Reference to such reports and statements is provided for information only and does not imply any agreement with or consent to the content of such reports and statements or the information, opinions or conclusions contained therein. HOCHTIEF further draws attention to the disclaimers issued by each firm whose reports and statements are referred to here, which should be read in full. HOCHTIEF accepts no liability for the selection, current relevance, completeness or correctness of the analysts' recommendations or assessments referred to here. None of the information contained or referred to on this Internet site is to be understood as an offer for purchase of shares or bonds of HOCHTIEF or its subsidiaries or related undertakings. Any liability on the part of HOCHTIEF Aktiengesellschaft for losses incurred by third parties arising from the research reports and other analysts' statements contained or referred to on this website is precluded.


 
HOCHTIEF | Copyright 2008 HOCHTIEF