CRH Plc Rating Lowered to Hold at Deutsche Bank (CRH)
CRH Plc (LON:CRH) was downgraded by research analysts at Deutsche Bank to a “hold” rating in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 1,500 ($24.72) price target on the stock. Deutsche Bank’s price objective would indicate a potential downside of 6.77% from the company’s current price.
Shares of CRH Plc (LON:CRH) remained flat at GBX 1609.00 during during mid-day trading trading on Wednesday. The stock had a trading volume of 2,434,860 shares. CRH Plc has a 52 week low of GBX 1230.1171 and a 52 week high of GBX 1670.0001. The stock has a 50-day moving average of GBX 1529. and a 200-day moving average of GBX 1476.. The company’s market cap is £11.705 billion.
A number of other analysts have also recently weighed in on CRH. Analysts at Numis Securities Ltd raised their price target on shares of CRH Plc from GBX 1,200 ($19.77) to GBX 1,350 ($22.24) in a research note to investors on Wednesday, January 15th. They now have a “reduce” rating on the stock. Separately, analysts at Liberum Capital raised their price target on shares of CRH Plc from GBX 1,150 ($18.95) to GBX 1,630 ($26.86) in a research note to investors on Friday, December 20th. They now have a “hold” rating on the stock. Finally, analysts at Beaufort Securities downgraded shares of CRH Plc to a “hold” rating in a research note to investors on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 750.56 ($12.37).
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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