Crh Plc (CRH) Given Average Recommendation of “Hold” by Brokerages
Crh Plc (NYSE:CRH) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.50.
CRH has been the topic of a number of research analyst reports. Jefferies Group LLC initiated coverage on Crh Plc in a report on Wednesday, September 27th. They issued a “buy” rating on the stock. Morgan Stanley raised Crh Plc from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $30.50 to $32.50 in a report on Wednesday, September 13th. Finally, BidaskClub lowered Crh Plc from a “hold” rating to a “sell” rating in a report on Monday, July 24th.
Several hedge funds have recently made changes to their positions in CRH. Ameriprise Financial Inc. lifted its position in shares of Crh Plc by 2.7% in the 1st quarter. Ameriprise Financial Inc. now owns 113,732 shares of the construction company’s stock worth $4,007,000 after acquiring an additional 3,023 shares during the period. Legal & General Group Plc lifted its position in shares of Crh Plc by 1.1% in the 1st quarter. Legal & General Group Plc now owns 18,037 shares of the construction company’s stock worth $634,000 after acquiring an additional 200 shares during the period. Renaissance Technologies LLC lifted its position in shares of Crh Plc by 81.0% in the 1st quarter. Renaissance Technologies LLC now owns 295,100 shares of the construction company’s stock worth $10,379,000 after acquiring an additional 132,100 shares during the period. KCG Holdings Inc. lifted its position in shares of Crh Plc by 100.7% in the 1st quarter. KCG Holdings Inc. now owns 16,442 shares of the construction company’s stock worth $578,000 after acquiring an additional 8,248 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Crh Plc by 33.5% in the 1st quarter. Bank of America Corp DE now owns 426,150 shares of the construction company’s stock worth $14,988,000 after acquiring an additional 106,869 shares during the period. Institutional investors own 4.05% of the company’s stock.
Crh Plc (CRH) opened at 37.46 on Friday. The company’s 50-day moving average price is $36.23 and its 200 day moving average price is $35.81. Crh Plc has a 52-week low of $31.55 and a 52-week high of $38.06. The firm has a market capitalization of $31.26 billion, a price-to-earnings ratio of 19.68 and a beta of 0.97.
The company also recently disclosed a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be given a $0.226 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 1.33%. This is an increase from Crh Plc’s previous None dividend of $0.20.
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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