Crh Plc (CRH) Given Average Recommendation of “Hold” by Analysts
Crh Plc (NYSE:CRH) has received an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company.
Several research firms recently issued reports on CRH. Bank of America Corporation raised Crh Plc from a “neutral” rating to a “buy” rating in a research report on Friday, April 21st. Deutsche Bank AG reissued a “neutral” rating on shares of Crh Plc in a research report on Friday, March 10th.
Several large investors have recently bought and sold shares of CRH. Goldman Sachs Group Inc. raised its stake in Crh Plc by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 334,821 shares of the construction company’s stock valued at $11,775,000 after buying an additional 17,305 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Crh Plc during the first quarter valued at about $3,713,000. Credit Suisse AG purchased a new stake in Crh Plc during the first quarter valued at about $11,480,000. Paloma Partners Management Co raised its stake in Crh Plc by 16.9% in the first quarter. Paloma Partners Management Co now owns 15,116 shares of the construction company’s stock valued at $531,000 after buying an additional 2,180 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Crh Plc by 33.5% in the first quarter. Bank of America Corp DE now owns 426,150 shares of the construction company’s stock valued at $14,988,000 after buying an additional 106,869 shares in the last quarter. 4.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Crh Plc (NYSE CRH) traded up 0.20% during trading on Friday, hitting $35.96. 322,300 shares of the stock were exchanged. Crh Plc has a 12-month low of $25.82 and a 12-month high of $38.04. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 21.55 and a beta of 1.02. The firm has a 50 day moving average of $36.51 and a 200-day moving average of $35.10.
Crh Plc Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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