Crh Plc (CRH) Rating Increased to Equal Weight at Morgan Stanley
Crh Plc (NYSE:CRH) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Wednesday, MarketBeat.com reports.
Separately, BidaskClub downgraded shares of Crh Plc from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Crh Plc (NYSE:CRH) traded down 0.31% during trading on Wednesday, hitting $35.06. 350,845 shares of the company’s stock traded hands. The stock has a market cap of $29.25 billion, a P/E ratio of 18.90 and a beta of 0.98. Crh Plc has a 12 month low of $31.55 and a 12 month high of $38.04. The company’s 50 day moving average is $34.87 and its 200-day moving average is $35.48.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRH. FMR LLC raised its position in Crh Plc by 6.7% in the first quarter. FMR LLC now owns 9,533,754 shares of the construction company’s stock worth $335,303,000 after acquiring an additional 600,727 shares during the period. Citigroup Inc. raised its position in Crh Plc by 286.6% in the second quarter. Citigroup Inc. now owns 525,422 shares of the construction company’s stock worth $18,638,000 after acquiring an additional 389,515 shares during the period. Credit Suisse AG bought a new position in Crh Plc in the first quarter worth approximately $11,480,000. Wellington Management Group LLP raised its position in Crh Plc by 32.7% in the first quarter. Wellington Management Group LLP now owns 1,197,807 shares of the construction company’s stock worth $42,127,000 after acquiring an additional 294,945 shares during the period. Finally, Wells Fargo & Company MN raised its position in Crh Plc by 336.4% in the first quarter. Wells Fargo & Company MN now owns 306,712 shares of the construction company’s stock worth $10,787,000 after acquiring an additional 236,432 shares during the period. Institutional investors and hedge funds own 4.05% of the company’s stock.
About Crh Plc
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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