CRH PLC Lifted to Market Perform at Sanford C. Bernstein (CRH)
CRH PLC (NYSE:CRH) was upgraded by investment analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd upgraded shares of CRH PLC to a “hold” rating in a research note on Wednesday. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of CRH PLC in a research note on Tuesday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of CRH PLC in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold”.
CRH PLC (NYSE:CRH) opened at 23.06 on Thursday. CRH PLC has a one year low of $20.56 and a one year high of $30.06. The stock’s 50-day moving average is $24.56 and its 200-day moving average is $27.19. The company’s market cap is $16.908 billion. CRH PLC also saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 337,360 shares, a decrease of 67.7% from the July 15th total of 1,043,641 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 393,643 shares, the days-to-cover ratio is currently 0.9 days.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, August 29th will be given a dividend of $0.2464 per share. This represents a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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