Deutsche Bank Lowers CRH PLC (UK) Price Target to GBX 1,450 (CRH)
Investment analysts at Deutsche Bank cut their price target on shares of CRH PLC (UK) (LON:CRH) from GBX 1,500 ($25.08) to GBX 1,450 ($24.24) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 0.84% from the stock’s previous close.
Shares of CRH PLC (LON:CRH) traded down 2.94% on Wednesday, hitting GBX 1386.00. The stock had a trading volume of 2,852,896 shares. CRH PLC has a 52 week low of GBX 1314.00 and a 52 week high of GBX 1811.00. The stock has a 50-day moving average of GBX 1448.56 and a 200-day moving average of GBX 1614.. The company’s market cap is £10.162 billion.
CRH has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of CRH PLC (UK) in a research note on Tuesday. They now have a GBX 1,790 ($29.92) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of CRH PLC (UK) from GBX 1,400 ($23.40) to GBX 1,550 ($25.91) in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CRH PLC (UK) in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 1,573.33 ($26.30).
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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