CRH PLC Rating Increased to Neutral at HSBC (CRH)
CRH PLC (NYSE:CRH) was upgraded by research analysts at HSBC from an “underweight” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Shares of CRH PLC (NYSE:CRH) opened at 23.11 on Wednesday. CRH PLC has a 52-week low of $21.42 and a 52-week high of $30.06. The stock has a 50-day moving average of $23.93 and a 200-day moving average of $27.00. The company’s market cap is $16.995 billion.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 31st. Stockholders 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.
A number of other analysts have also recently weighed in on CRH. Analysts at BNP Paribas downgraded shares of CRH PLC to an “underperform” rating in a research note on Tuesday. Separately, analysts at Goldman Sachs upgraded shares of CRH PLC from a “neutral” rating to a “buy” rating in a research note on Friday, August 29th. Finally, analysts at Credit Suisse upgraded shares of CRH PLC from an “underperform” rating to an “outperform” rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently 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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