
| Institution | Location | Analyst | Rating | latest 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.
| 2010 |
| January |
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| May |
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| July |
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| December |
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| Date of publication | Institution | Rating |
| 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.
| 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
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.
| Minimum | 58.00 |
| Average | 71.19 |
| Median | 67.50 |
| Maximum | 103.00 |
| 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.