CRH Plc Given “Buy” Rating at Deutsche Bank (CRH)
CRH Plc (LON:CRH)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, American Banking & Market News reports. They currently have a GBX 1,500 ($24.27) price objective on the stock. Deutsche Bank’s price objective suggests a potential downside of 0.33% from the stock’s previous close.
CRH Plc (LON:CRH) traded down 0.99% on Friday, hitting GBX 1505.00. The stock had a trading volume of 1,084,581 shares. CRH Plc has a one year low of GBX 1090.00 and a one year high of GBX 1582.00. The stock has a 50-day moving average of GBX 1504. and a 200-day moving average of GBX 1409.06. The company’s market cap is £10.949 billion.
A number of other firms have also recently commented on CRH. Analysts at Seymour Pierce reiterated a “hold” rating on shares of CRH Plc in a research note to investors on Tuesday. They now have a GBX 1,400 ($22.65) price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of CRH Plc from GBX 1,200 ($19.41) to GBX 1,400 ($22.65) in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of CRH Plc in a research note to investors on Monday, October 14th. They now have a GBX 1,150 ($18.61) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 752.06 ($12.17).
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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