CRH Plc Stock Rating Reaffirmed by UBS AG (CRH)
CRH Plc (LON:CRH)‘s stock had its “neutral” rating reiterated by investment analysts at UBS AG in a note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 1,330 ($20.71) target price on the stock. UBS AG’s price objective would suggest a potential downside of 5.34% from the stock’s previous close.
CRH Plc (LON:CRH) traded up 0.72% on Thursday, hitting GBX 1405.00. 1,606,601 shares of the company’s stock traded hands. CRH Plc has a 52 week low of GBX 1088.00 and a 52 week high of GBX 1554.00. The stock has a 50-day moving average of GBX 166.5 and a 200-day moving average of GBX 149.7. The company’s market cap is £10.221 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of CRH Plc in a research note to investors on Wednesday, August 21st. They now have a GBX 1,200 ($18.69) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of CRH Plc in a research note to investors on Tuesday, August 20th. They now have a GBX 1,700 ($26.48) price target on the stock, down previously from GBX 1,770 ($27.57). Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of CRH Plc in a research note to investors on Monday, August 19th. They now have a GBX 1,500 ($23.36) price target on the stock, down previously from GBX 1,580 ($24.61).
Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. CRH Plc has a consensus rating of “Hold” and an average target price of GBX 634.25 ($9.88).
CRH plc is a diversified building materials company, which manufactures and distributes building material products from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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