CRH PLC (UK) Price Target Raised to GBX 1,400 at Societe Generale (CRH)
Equities researchers at Societe Generale boosted their price target on shares of CRH PLC (UK) (LON:CRH) from GBX 1,270 ($21.12) to GBX 1,400 ($23.28) in a research report issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “sell” rating on the stock. Societe Generale’s target price would suggest a potential downside of 20.14% from the stock’s previous close.
Shares of CRH PLC (LON:CRH) traded down 2.07% on Wednesday, hitting GBX 1751.00. 2,525,101 shares of the company’s stock traded hands. CRH PLC has a 52-week low of GBX 1230.1171 and a 52-week high of GBX 1684.00. The stock has a 50-day moving average of GBX 1630. and a 200-day moving average of GBX 1530.. The company’s market cap is £12.739 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of CRH PLC (UK) in a research note on Friday, February 21st. They now have a GBX 1,700 ($28.27) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of CRH PLC (UK) in a research note on Friday, February 21st. They now have a GBX 1,500 ($24.95) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of CRH PLC (UK) in a research note on Friday, February 7th. They now have a GBX 1,500 ($24.95) price target on the stock. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 921.66 ($15.33).
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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