CRH PLC Given “Hold” Rating at Deutsche Bank (CRH)
CRH PLC (NYSE:CRH) traded down 2.09% during mid-day trading on Friday, hitting $22.99. The stock had a trading volume of 281,661 shares. CRH PLC has a 52 week low of $20.56 and a 52 week high of $30.06. The stock’s 50-day moving average is $24.48 and its 200-day moving average is $27.1. The company’s market cap is $16.907 billion. CRH PLC also was the target of 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. Based on an average daily volume of 393,643 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are short sold.
The company also recently announced a semiannual dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, August 29th will be paid a dividend of $0.2464 per share. This represents a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein upgraded shares of CRH PLC from an “underperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Numis Securities Ltd upgraded shares of CRH PLC to a “hold” rating in a research note on Wednesday. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of CRH PLC in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. CRH PLC has a consensus rating of “Hold”.
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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